Take A Look At This $5000 Tesla Model Revealed By Elon Musk: The future is no longer ahead; it is just around the corner. Tesla cars are most popular for their full self-driving function, but there has always been an option to steer them with a wheel. If we owned a Model S Plaid that could rocket from 0 to 60mph in under 2 seconds, we would love that steering wheel, so we could take it for spins as much as we like. We bet you would love that too.
As it turns out, Tesla has different plans, and the steering wheel in its cars might completely disappear, as it plans to make driving completely driverless. It has been reported that Tesla’s CEO Elon Musk spoke with some of his employees about the potential launch of an electric car that will only cost customers $5000 only.
New Tesla $5000 Car – Tesla Tiny Car
Sometime in the future, you might be able to get an electric Tesla without a steering wheel for $5000. Do you want to know more about the $5000 electric Tesla? Read this article till the end.
Tesla deserves all the accolades, prestige, and money it is earning. It is leading a revolution in the global transport industry because its CEO bet its existence on the fact that the public will accept electric vehicles.
Under the leadership of Elon Musk, Tesla ramped up production of its first mass-market model, the Model 3. This action almost sent Tesla’s finances in flames, but the Model 3 went on to clinch the position of the best-selling vehicle in the world, and Musk’s bet cashed out pretty big.
In an interview with the Wall Street Journal, Elon Musk said that Tesla will manufacture a $5000 car. He believes that the electric car company’s new battery cells and battery manufacturing efforts will allow it to reach this competitive price point, which could reduce battery costs by more than fifty percent.
Several reports show that the $5000 car will be produced at Tesla’s Gigafactory in Shanghai before being exported to other countries. Tesla announced in 2021 that a new R and D center would be opened in China to develop an electric vehicle in a Chinese style for the Chinese market.
Tesla has also begun taking design submissions from notable design houses for its proposed model. A short time after design submissions, it began hiring people for the program. Some Chinese media outlets are carrying rumors that the production of the new Tesla Model could begin by the end of the year, but it doesn’t seem likely.
Musk has been through company-wide meetings in recent days, which makes it a bit easier to estimate the time frame in which the new Tesla would be released. During one of those meetings, Musk mentioned that the new Tesla electric car production will begin in 2023.
He also stated that access to the new model Tesla would largely depend on the manufacture and the deployment of Tesla’s fully self-driving system. Musk has asked his employees if they want the new model to have a steering wheel and floor pedals.
To be honest, it will take a while before the public gets comfortable sitting in a car they have no control over. In Musk’s opinion, this new Tesla would not be equipped with a steering wheel, and cars would likely come like this in the future.
Strange Features of Tesla’s New Small Car
An image released by Tesla a year ago showed a vehicle without a steering wheel on the dashboard and pedals on the floor. The company has said that such a vehicle would be available within two years.
Currently, Tesla is working on releasing its beta full self-driving software to its wider fleet of cars in the United States. The software still requires the driver’s attention, but when it is released, Tesla will use data from vehicles already in the field to improve the program and make it safer than human drivers.
Tesla hopes to get full regulatory approval to use it as a fully self-driving system. The progress made on the full self-driving software will determine if we would get the fully autonomous $5000 car or not.
At a socially distant gathering of cars and fans at the company’s Fremont factory in California, Musk spoke, saying, “We are confident that we can design and manufacture a compelling $5000 car in the long term.”
This announcement seems mysterious, but a presentation slide showed a covered car-shaped object with the caption “Electric Vehicle Powertrains that cost less than combustion engines.” as the highlight of the company’s battery day event.
The unknown car wasn’t the only thing Tesla teased; it unveiled a new battery cell and the new Tesla Model S. Musk says building a low-cost affordable Tesla for the masses has always been his goal since the beginning. It has always been Tesla’s aim.
Musk has spoken about the rate at which cars are becoming affordable being not fast enough. Tesla doesn’t just produce cars; it now produces a solar roof for generating sustainable energy and battery cells to store that energy.
The battery advancements made by Tesla include a new design of the battery cell and a streamlined manufacturing process. Tesla believes that these improvements in its battery technology will lead to a 54 percent increase in battery range and a 56 percent reduction in the price of these batteries.
The $5000 car will play a huge role in improving access to electric vehicles. When Tesla sold the first Tesla, it sold it for $108,000. Only people with deep pockets could afford to spend that much money on a new technology that hasn’t been proven yet. By 2012, the Model S became available at a starting price of $58,570, almost half the price of the first Tesla Roadster.
In 2017, the Model 3 was launched at a price tag of $35,000, but that particular model wouldn’t ship until February 2019. There are rumors about a $25,000 Tesla car in the works. Looking at the trend, the idea of a $5000 doesn’t look as far-fetched as most think.
Musk has hinted in the past that an economical vehicle from the stables of Tesla should be forthcoming. In three to four years, Tesla could release that $5000 car. A research analyst at ABI Research, Shiv Patel, believes that a vehicle of this manner would require a battery costing less than five thousand dollars.
He thinks this may be overly ambitious over the course of a decade. Musk has revealed that the design house in China will produce a Tesla Car for worldwide consumption by 2020. The design house hasn’t produced anything yet, but the concept art from the design resembles a hatchback.
All thanks to the new battery design, Musk thinks Tesla would be able to produce a new compact car of some kind. He thinks it may be possible to achieve the battery prices necessary to produce a low-cost vehicle. If the $5000 Tesla comes to light, it would be the cheapest Tesla car of all time.
Musk has said that Tesla would release the $5000 Tesla car in three to four years, which means we might see this car on the road by 2024. But Tesla hasn’t been known for its impeccable punctuality regarding launch dates. So these predicted launch dates are better taken lightly at best.
We still don’t know many things about the $5000 Tesla car. Still, Musk has spoken about the car being fully autonomous several times, so we know that it should be capable of driving people without any assistance or directions. The news about full autonomy isn’t new.
In 2016 Tesla announced that every Tesla car it sold from that point onward would come equipped with all the cameras and sensors needed for full self-driving. Tesla is also developing Hardware 4.0 and software upgrades to make the full self-driving option available to more cars. We don’t have any information about the battery range for the $5000 car.
In July 2020, Musk announced that Tesla would not launch its entry-level Model Y compact SUV because the range would be too short. Musk’s master plan to make a low-cost electric vehicle is straightforward. The plan is to create a low-volume car, which would be expensive, and then use that money to develop a medium-volume car that would be sold at a lower price.
The money gleaned from the medium volume car will be used to finance an affordable high volume car. The Roadster set things in motion for Tesla, and the price of its models has been dropping since then. Everyone hopes that a $5000 car from Tesla would be as lovely as every other Tesla, but we won’t know until we see one.
FAQ Regarding Tesla $5000 Car
Yes, rumors suggest that Elon Musk’s Company working secretly on this project.
Elon Musk has said that Tesla would release the $5000 Tesla car in three to four years, which means we might see this car on the road by 2024.
For the satisfaction of low-budget customers, Tesla working on a new Tesla Model cost nearly 5000 dollars.
Several reports show that the $5000 car will be produced at Tesla’s Gigafactory in Shanghai before being exported to other countries.
Some Chinese media outlets are carrying rumors that the production of the new Tesla Model could begin by the end of the year.
We still don’t know many things about the $5000 Tesla car. Still, Musk has spoken about the car being fully autonomous several times.
An image released by Tesla a year ago showed a vehicle without a steering wheel on the dashboard and pedals on the floor.