TECH - Can Elon Musk's Tesla Really Pull Off A $20K Model Y? Industry Experts Have Mixed Feelings | Benzinga
In a recent announcement that has stirred the auto industry, Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has hinted at the possibility of a Tesla Model Y priced under $20,000. However, experts have given mixed reactions to the revelation.
What Happened: Musk shared his vision of a more affordable Tesla Model Y during the company’s 2024 Annual Stockholder Meeting, suggesting that such a vehicle could potentially sell millions of units, Forbes reported on Monday.
“Figuring out ways to make more affordable vehicles is really like the game changer,” Musk stated.
Musk emphasized the importance of affordability in Tesla’s future, acknowledging that while many people aspire to own a Tesla, the high price point is a deterrent. He reiterated Tesla’s commitment to making their vehicles more accessible.
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