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Finally Happened! Elon Musk Reveals New Tesla “Model 4”, First-Look!
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Finally Happened! Elon Musk Claims Tesla Model 4 Coming in 2024, first-look on Tesla Model 4!
There wasn’t a big media-stopping press conference about the Model 4. It’s not even clear what the Model 4 will actually be called — although there’s a contingency who believes the “Model 4” is in order to make the Tesla lineup spell S 3 X Y 4.
So what did Elon Musk expect from this promising Model 4?
First off, Tesla CEO Elon Musk gave the world a peek into how the company plans to follow its latest electric vehicle, saying the generation of the vehicle will be affordable to nearly everyone.
The next Tesla will start at an even lower base price than the Model 3s $35,000 price point. High-performance electric vehicles don’t come cheap for a reason: The batteries alone are a price driver. But Musk stated in his talk that higher-volume production and more people buying electric vehicles will sink the price. In other words, Tesla will depend on quantity to deliver its quality.
With something like the Model 3, it’s designed such that roughly half the people will be able to afford the car,” Musk said. “Then, with fourth generation and smaller cars, we’ll ultimately be in the position where everyone will be able to afford the car.”
When asked how long it will be before EVs will be as affordable as internal combustion vehicles, without relying on government subsidies and tax deductions, Musk pointed to subsidies oil and gas industries have enjoyed without the public’s knowledge.
“The thing that people don’t totally appreciate is that every fossil fuel car is quite heavily subsidized,” he said.
For example, a study by the International Monetary Fund (IMF) found energy subsidies were projected to be $5.3 trillion last year, or 6.5% of global GDP.
Additionally, Musk said, the oil and gas industries and the internal combustion car industry take an enormous toll on the environment, which translates into yet another subsidy for them.
“It’s really important to appreciate this because I think a lot of people just don’t know the level of subsidies oil and gas get. It’s a figure so large that it’s difficult to comprehend,” Musk added.
Finally Happened! Elon Musk Claims Tesla Model 4 Coming in 2024, first-look on Tesla Model 4!
