said 22 Sep 2020
I think probably, like I said, about three years from now, we're confident we can make a very compelling $25,000 electric vehicle that's also fully autonomous.
— Elon Musk, primary source
Tesla Battery Day, Fremont, California. The price depended on battery and pack changes that Tesla said would cut its battery cost per kilowatt-hour by 56%.
What happened: On Tesla's earnings call of 26 January 2022, Musk said Tesla was not currently working on a $25,000 car. In October 2024 he called a $25,000 conventional car pointless. As of October 2026, Tesla sells no $25,000 car.
due 22 Sep 2023 · resolved 26 Jan 2022
Receipt · archived original Transcript of Tesla Battery Day, Sep 22 2020 (opens in a new tab)