Quote from Ndubuisi Ekekwe on September 23, 2020, 8:23 PM

Tesla is coming up with a cheaper  car: "$25,000 Tesla could be on the market — in about three years"

A $25,000 Tesla could be on the market — in about three years — after CEO Elon Musk announced new innovations in battery technology could halve the cost of batteries. The electric car giant has long been working to produce a more affordable car, with the Model 3 priced at $35,000 but on average selling for more than $50,000. Tesla shares fell after the announcement, as many had hoped for more of a "blockbuster leap forward." Despite 2020 being “the most difficult year of Tesla’s existence,” the company is on track to deliver its first full-year profit.