Tesla’s cheapest ever EV is coming – and it could be almost half the price of a Model 3

According to Reuters, Tesla aims to enter the inexpensive electric car market with a €25,000 ($26,838) model manufactured in its factory near Berlin. The Model 3 (above) is the EV giant’s current entry-level model, with prices starting about $39k / £40k / €42,000.

The source, who requested anonymity, did not specify when the model would go into production, but other insiders told the news agency in September that Tesla was nearing a breakthrough that would die cast “nearly all of the underbody of the EV in one piece.”

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This is likely an extension of Tesla’s existing Gigacasting manufacturing process, which has already helped slash the cost of Model Y production by die casting large areas of the vehicle (in this case, the Model Y’s front and rear structures).

It also goes hand-in-hand with the automaker’s unveiling of a novel manufacturing process that Musk claimed during Tesla’s 2023 Investor Day would be faster and more efficient.

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