Elon Musk promised an affordable electric car for Europe

Elon Musk promised an affordable electric car for Europe

November 25, 2020 0 By autotimesnews

Tesla Corporation plans to release a compact electric car, which will be built specifically for the European market.

The corresponding statement was made by the head of the American corporation Elon Musk during a video interview, which was dedicated to the construction of the Gigafactory in Germany.

Musk said the Model S and Model X can appear extremely large to European drivers in densely built environments. The American automaker is considering the development of a compact electric model in a hatchback body, which will be designed by specialists from the corporation’s European design studio.

The compact electric vehicle is estimated to cost approximately $ 25,000. For the sake of comparison, for the budget Model 3 currently the French client will have to pay 50,000 euros. Recall that in May 2017, Elon Musk announced a development plan for the company, which provides for the addition of electric cars and a truck to the lineup. It is worth saying that on May 14 last year, the presentation of the new Tesla Model Y electric car took place.

In addition, some time ago it became known that the Tesla Model S has acquired an increased power reserve. It should be emphasized that the American company reported a decrease in the cost of the Model S to $ 69,420.