（Cover image source: Tesla）
Morgan Stanley analyst Adam Jonas stated that Tesla plans to launch a new, lower-priced model that will drive down the cost of electric vehicle production. It is possible that in the future we will see a large number of electric cars priced at less than $5,000.
The cheapest electric car in the United States is the Mini Electric, which sells for about $30,000.
In Europe, the Citroen Ami is priced at $6,600.
China’s Hongguang MINIEV is already priced below $5,000 and its booming sales have led to the emergence of a batch of competitive models.
The economies of scale brought by Tesla will revolutionize the market for cheaper electric cars and disrupt the market for gasoline-powered vehicles.
🔗 Source: InsideEVs
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.