Elon Musk OFFICIALLY REVEALED A $5000 Tesla Model!

 Elon Musk OFFICIALLY REVEALED A $5000 Tesla  Model!    The future is no longer ahead; it is just  around the corner.    Tesla cars are most popular for their full  self-driving function, but there has always    been an option to steer them with a wheel.    If we owned a Model S Plaid that could rocket  from 0 to 60mph in under 2 seconds, we would    love that steering wheel, so we could take  it for spins as much as we like.    We bet you would love that too.    As it turns out, Tesla has different plans,  and the steering wheel in its cars might completely    disappear, as it plans to make driving completely  driverless.    It has been reported that Tesla's CEO Elon  Musk spoke with some of his employees about    the potential launch of an electric car that  will only cost customers $5000.    Sometime in the future, you might be able  to get an electric Tesla without a steering    wheel for $5000.    Do you want to know more about the $5000 electric  Tesla?    Stay tuned to the video, and don't go anywhere.    Welcome to Elon Musk Live.    Don't forget to subscribe to our channel and  press that bell-icon, as we are your number    1 place for the latest Elon Musk, Tesla, and  SpaceX-related news.    Tesla deserves all the accolades, prestige,  and money it is earning.    It is leading a revolution in the global transport  industry because its CEO bet its existence    on the fact that the public will accept electric  vehicles.    Under the leadership of Elon Musk, Tesla ramped  up production of its first mass-market model,    the Model 3.    This action almost sent Tesla's finances in  flames, but the Model 3 went on to clinch    the position of the best-selling vehicle in  the world, and Musk's bet cashed out pretty    big.    In an interview with the Wall Street Journal,  Elon Musk said that Tesla will manufacture    a $5000 car.    He believes that the electric car company's  new battery cells and battery manufacturing    efforts will allow it to reach this competitive  price point, which could reduce battery costs    by more than fifty percent.    Several reports show that the $5000 car will  be produced at Tesla's Gigafactory in Shanghai    before being exported to other countries.    Tesla announced in 2021 that a new R and D  center would be opened in China to develop    an electric vehicle in a Chinese style for  the Chinese market.    Tesla has also begun taking design submissions  from notable design houses for its proposed    model.    A short time after design submissions, it  began hiring people for the program.    Some Chinese media outlets are carrying rumors  that the production of the new Tesla Model    could begin by the end of the year, but it  doesn't seem likely.    Musk has been through company-wide meetings  in recent days, which makes it a bit easier    to estimate the time frame in which the new  Tesla would be released.    During one of those meetings, Musk mentioned  that the new Tesla electric car production    will begin in 2023.    He also stated that access to the new model  Tesla would largely depend on the manufacture    and the deployment of Tesla's full self-driving  system.    Musk has asked his employees if they want  the new model to have a steering wheel and    floor pedals.    To be honest, it will take a while before  the public gets comfortable sitting in a car    they have no control over.    In Musk's opinion, this new Tesla would not  be equipped with a steering wheel, and cars    would likely come like this in the future.    An image released by Tesla a year ago showed  a vehicle without a steering wheel on the    dashboard and pedals on the floor.    The company has said that such a vehicle would  be available within two years.    Currently, Tesla is working on releasing its  beta full self-driving software to its wider    fleet of cars in the United States.    The software still requires the driver's attention,  but when it is released, Tesla will use data    from vehicles already in the field to improve  the program and make it safer than human drivers.    Tesla hopes to get full regulatory approval  to use it as a fully self-driving system.    The progress made on the full self-driving  software will determine if we would get the    fully autonomous $5000 car or not.    At a socially distant gathering of cars and  fans at the company's Fremont factory in California,    Musk spoke, saying, "We are confident that  we can design and manufacture a compelling    $5000 car in the long term."    This announcement seems mysterious, but a  presentation slide showed a covered car-shaped    object with the caption "Electric Vehicle  Powertrains that cost less than combustion    engines."    as the highlight of the company's battery  day event.    The unknown car wasn't the only thing Tesla  teased; it unveiled a new battery cell and    the new Tesla Model S.    Musk says building a low-cost affordable Tesla  for the masses has always been his goal since    the beginning.    It has always been Tesla's aim.    Musk has spoken about the rate at which cars  are becoming affordable being not fast enough.    Tesla doesn't just produce cars; it now produces  a solar roof for generating sustainable energy    and battery cells to store that energy.    The battery advancements made by Tesla include  a new design of the battery cell and a streamlined    manufacturing process.    Tesla believes that these improvements in  its battery technology will lead to a 54 percent    increase in battery range and a 56 percent  reduction in the price of these batteries.    The $5000 car will play a huge role in improving  access to electric vehicles.    When Tesla sold the first Tesla, it sold it  for $108,000.    Only people with deep pockets could afford  to spend that much money on a new technology    that hasn't been proven yet.    By 2012, the Model S became available at a  starting price of $58,570, almost half the    price of the first Tesla Roadster.    In 2017, the Model 3 was launched at a price  tag of $35,000, but that particular model    wouldn't ship until February 2019.    There are rumors about a $25,000 Tesla car  in the works.    Looking at the trend, the idea of a $5000  doesn't look as far-fetched as most think.    Musk has hinted in the past that an economical  vehicle from the stables of Tesla should be    forthcoming.    In three to four years, Tesla could release  that $5000 car.    A research analyst at ABI Research, Shiv Patel,  believes that a vehicle of this manner would    require a battery costing less than five thousand  dollars.    He thinks this may be overly ambitious over  the course of a decade.    Musk has revealed that the design house in  China will produce a Tesla Car for worldwide    consumption by 2020.    The design house hasn't produced anything  yet, but the concept art from the design resembles    a hatchback.    All thanks to the new battery design, Musk  thinks Tesla would be able to produce a new    compact car of some kind.    He thinks it may be possible to achieve the  battery prices necessary to produce a low-cost    vehicle.    If the $5000 Tesla comes to light, it would  be the cheapest Tesla car of all time.    Musk has said that Tesla would release the  $5000 Tesla car in three to four years, which    means we might see this car on the road by  2024.    But Tesla hasn't been known for its impeccable  punctuality regarding launch dates.    So these predicted launch dates are better  taken lightly at best.    We still don't know many things about the  $5000 Tesla car.    Still, Musk has spoken about the car being  fully autonomous several times, so we know    that it should be capable of driving people  without any assistance or directions.    The news about full autonomy isn't new.    In 2016 Tesla announced that every Tesla car  it sold from that point onward would come    equipped with all the cameras and sensors  needed for full self-driving.    Tesla is also developing Hardware 4.0 and  software upgrades to make the full self-driving    option available to more cars.    We don't have any information about the battery  range for the $5000 car.    In July 2020, Musk announced that Tesla would  not launch its entry-level Model Y compact    SUV because the range would be too short.    Musk's master plan to make a low-cost electric  vehicle is straightforward.    The plan is to create a low-volume car, which  would be expensive, and then use that money    to develop a medium-volume car that would  be sold at a lower price.    The money gleaned from the medium volume car  will be used to finance an affordable high    volume car.    The Roadster set things in motion for Tesla,  and the price of its models has been dropping    since then.    Everyone hopes that a $5000 car from Tesla  would be as lovely as every other Tesla, but    we won't know until we see one.