Tesla planning cheaper EV that 'most people can afford'

Turns out the Model 3 isn't going to be Tesla's most affordable model. Go figure.

Speaking at the Future Transportation Solutions conference in Oslo, Norway last week, Tesla CEO Elon Musk admitted that "there will be future cars that are even more affordable [than the Model 3] down the road." Adding, "I'm super excited about being able to produce a car that most people can afford."

You can see the comments for yourself in the YouTube video below, starting around the 12-minute mark.

If you were wondering, "If there are more affordable Teslas coming, then who is the Model 3 for?" Musk has an answer for you.

"With something like the Model 3, it's designed such that roughly half of people can afford the car," Musk admitted.

While this is exciting news for everyone, especially EV fans, let's curb our enthusiasm a bit. After all, before it builds even more accessible EVs, Tesla first has to build and deliver the 400,000 Model 3s that have been pre-ordered worldwide. Moreover, it has to achieve that and also turn a profit for the first time ever.

So, to you, Musk, I say: Keep on dreaming the impossible dream. But don't ignore the challenges directly in front of you. You have a lot of people waiting for those Model 3.

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