Tesla has teased its £20,000 hatchback ahead of this week's Investors Day event in Texas
Musk has previously said the platform will ensure that Tesla can cut production costs and double its current output.
The incredibly successful Model 3 is Tesla’s current cheapest offering, priced from £42,000 in its most affordable form in the UK. As reported by InsideEVs, Musk said the firm’s new platform will mean producing EVs at half this cost, which suggests that a mass-market, affordable hatchback is viable. Previously tipped to go on sale in 2023, a starting price in the US of around $25,000 has been suggested for the hatchback, which translates to less than £18,000 – but Tesla’s models typically cost slightly more outside of its homeland, so an on-sale price of around £20,000 is more likely.
For this price, a range of 250 miles from a 50kWh battery has been tipped as the firm takes a stab at the ID 3,
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