Elon Musk Says Teslas Are Too Expensive, Hints At New Compact Electric Car

[Snow Drift]

Looks like the $25,000 "Model 2" will have an iron based battery, like the MIC M3.

See car under cover:

 

[Booga]

Was that a hint that an iron based model 3 is coming to the US? I was expecting it at yesterday's event...

 

[Snow Drift]

Was that a hint that an iron based model 3 is coming to the US? I was expecting it at yesterday's event...

Based on the above graphic, all M3 will be Iron based in the future.

 

[vickh]

I love their aggressive pricing $25K with FSD and LR ! but I wonder if it will be limited release like the SR...

 

[Booga]

Based on the above graphic, all M3 will be Iron based in the future.

Isn't that a model 3 in the middle category as well?

 

[Snow Drift]

Isn't that a model 3 in the middle category as well?

Model Y

 

[Booga]

Model Y

Aha I see that more when I zoom in now. Any thoughts on why they'd want the Model 3 to go to an iron based chemistry while the Y uses more nickel + manganese? Do you know this would also apply to the LR Model 3?

 

[whitex]

I love their aggressive pricing $25K with FSD and LR ! but I wonder if it will be limited release like the SR...

Well, Elon is still working on the $35K "well equipped" EV he promised few years ago. The lowest price M3 is an SR+ RWD is $39K ($37,990 + $1,200) but it doesn't even come with floor mats, so it might not be so "well equipped". So, he's close, but still has to shave off another 10% to deliver on the original promise, then move onto the $25K car. Or, he might just skip the $35K version, and in 4 years deliver a stripped down 29K car while promising a $15K car in the future.

 

[Snow Drift]

Aha I see that more when I zoom in now. Any thoughts on why they'd want the Model 3 to go to an iron based chemistry while the Y uses more nickel + manganese? Do you know this would also apply to the LR Model 3?

Not sure, but it is probably cheaper and the M3 is less expensive. Although, they could just mean the MIC is iron, not ours, and just simplified the graphic.