Tesla CEO Elon Musk is well-known for his role in bringing the electric vehicle to the attention of the world. And while it has taken many years of hard work, Musk’s predictions about the cost of E.V.s have largely come true since the Roadster first entered production.

Tesla is celebrating 14 years since the Roadster first entered production, and some are noting how Musk predicted the automaker’s pathway to more affordable EVs, as detailed by CNBC.

Musk noted a common tech trend early on, although buyers can expect to spend a lot when a product is new, that product also contributes to developing cheaper, more mass-produced versions down the road. Smartphones and laptops are just a few examples of devices now owned by most adults, though they were once available only to those who could afford them.

And so it goes with Tesla. Although the Roadster started at $109000 when it was first introduced, Musk has defended this approach, saying that the expensive E.V needed to happen so the automaker’s cars could someday be more affordable.

Make no mistake, Tesla’s cars and most other E.V.s are still out of reach for many car buyers. But the trend of E.V.s becoming more affordable isn’t going to come to a halt, especially as competition creates more options for consumers and higher demand for EV supplies, leading to cheaper production.

And the trend of more affordable E.V.s is, in fact, likely to continue in the years to come, with most companies beginning to at least announce their first E.V.s.

Both Ford and G.M are delivering early E.V units, with Ford even splitting off its internal combustion engine business from its E.V.s to hopefully someday reach valuations like Tesla.

And while a $25000 Tesla may not be in the cards for the near future, it’s only a matter of time before the automaker’s vehicles become even cheaper, unless another E.V comes along that’s affordable enough for the average buyer.

Source: Re-posted and Summarized from Zachary Visconti at evannex.

My Take: The 25K Tesla will be the Fully Autonomous RoboTaxi.

Re Posted From: Elon Musks Early Predictions At Tesla Foreshadowed The Future

Auto Helpers

Tesla CEO Elon Musk is well-known for his role in bringing the electric vehicle to the attention of the world. And while it has taken many years of hard work, Musk’s predictions about the cost of E.V.s have largely come true since the Roadster first entered production.

Tesla is celebrating 14 years since the Roadster first entered production, and some are noting how Musk predicted the automaker’s pathway to more affordable EVs, as detailed by CNBC.

Musk noted a common tech trend early on, although buyers can expect to spend a lot when a product is new, that product also contributes to developing cheaper, more mass-produced versions down the road. Smartphones and laptops are just a few examples of devices now owned by most adults, though they were once available only to those who could afford them.

And so it goes with Tesla. Although the Roadster started at $109000 when it was first introduced, Musk has defended this approach, saying that the expensive E.V needed to happen so the automaker’s cars could someday be more affordable.

Make no mistake, Tesla’s cars and most other E.V.s are still out of reach for many car buyers. But the trend of E.V.s becoming more affordable isn’t going to come to a halt, especially as competition creates more options for consumers and higher demand for EV supplies, leading to cheaper production.

And the trend of more affordable E.V.s is, in fact, likely to continue in the years to come, with most companies beginning to at least announce their first E.V.s.

Both Ford and G.M are delivering early E.V units, with Ford even splitting off its internal combustion engine business from its E.V.s to hopefully someday reach valuations like Tesla.

And while a $25000 Tesla may not be in the cards for the near future, it’s only a matter of time before the automaker’s vehicles become even cheaper, unless another E.V comes along that’s affordable enough for the average buyer.

Source: Re-posted and Summarized from Zachary Visconti at evannex.

My Take: The 25K Tesla will be the Fully Autonomous RoboTaxi.

Re Posted From: Elon Musks Early Predictions At Tesla Foreshadowed The Future

Auto Helpers