Thursday, February 2, 2023
News Tesla Committed to Selling Affordable Compact Entry-Level Car

Tesla Committed to Selling Affordable Compact Entry-Level Car

This new small EV will be critical for Tesla’s ongoing success especially in Europe


  • It will be priced from £20k or $25k US.

  • It will be a hatchback.

  • On-sale date expected in 2023.


Tesla has enjoyed so far unrivaled sales success and dominance in all things EV. Its key players, the Model 3 and latest offering, the Model Y SUV, are doing extremely well however increasing competition from mainstream automakers means that Tesla will have to fight fire with fire. In other words, it needs an inexpensive hatchback, and it’s coming.

2021 Tesla Model Y SR | Photo: Matt St-Pierre

Rivals such as the Volkswagen ID.3, Nissan LEAF, and numerous other affordable alternatives from European automakers are poised to eat away at Tesla’s lead. As we know, the incredible competitive Musk will address this and introduce an all-new compact hatchback in 2023.

Tesla CEO, Elon Musk, as reported by Autocar, said: “One of the things that troubles me the most is that we don’t have a truly affordable car, and that’s something we will have in the future. For that, we need cheaper batteries.”

The California-based EV company is currently developing battery technology that is claimed to reduce manufacturing costs by up to 50%. What’s more, these cells will provide five times more energy and deliver 16% more range.

This as-of-yet unnamed compact hatchback is projected to be priced from £20,000, or about half the price of the cheapest Model 3. In US dollars, this works out to $25,000 compared to $40,000 for the base RWD Standard Range Plus Model 3.

Trending Now

The 2023 Targa Newfoundland “Race the Rock” Event Will Pit EVs Against ICEs

The legendary endurance race takes place in Newfoundland, Canada. It happens between September 14th and 21st. This year's Targa Newfoundland will host a competition...

Tesla Cybertruck Production Delayed, Now Expected in 2024

Elon Musk says the first units will be built this summer, with full-scale production next year. The specifications and price of the electric...

MINI 2023 Lineup: Models And Changes Overview

The MINI Clubman is no longer available in Canada. Simplified equipment group lineups across the model line. New colours, new features, and of...

The GMC Hummer EV SUV Began Rolling Off the Assembly Line Yesterday

The SUV version joins the electric pickup in the GMC lineup. The first deliveries are expected to take place before the end of...

The Genesis X Convertible Concept Will Enter Production as a Halo Car

The brand’s CEO made the announcement during the Genesis dealer meeting. This model could be priced around $200,000 to $300,000. No specifications have...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.