Tesla lays out ‘Battery Day’ plans that lead to a $25,000 electric car

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The Tesla Battery Day presentation is under way, and CEO Elon Musk has shown off a number of changes the company is making that he says can halve the cost per kWh of building electric vehicle battery cells. Just before showing off the $140,000~ Model S Plaid and its 200MPH+ top speed, Musk said these changes could be enough to help Tesla make the compelling $25,000 electric car within three years, which we should note is similar to a “Three years away” comment he made in 2018. “We don’t have an affordable car. That’s something we will have in the future. But we’ve got to get the cost of batteries down.”

Other than the price, that car doesn’t have a name or even much of a shape to talk about just yet, and considering the path of the $35,000 Model 3 — we wouldn’t quite want to pre-order one just yet.

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