Fast-forward to the present day, and the Musk Man told investors and analysts that “we won’t succeed in our mission if we don’t make cars affordable.” According to Autocar, the head honcho intends to fix this condition as soon as possible.
“It would be reasonable to assume that we would make a compact vehicle of some kind,” said Musk, adding that a high-capacity battery should be featured in the options list. The Chinese EV rendering mentioned earlier doesn’t seem like wishful thinking now, doesn’t it? The British publication, however, describes the five-door newcomer as the Model 3 Hatchback although the Model 3 is a mid-size sedan.
In the case of the Model Y, an aluminum casting machine reduces the frame’s parts from 70 to only two. This industry-first process could be applied to the Model 3 Hatchback as well, bringing the production costs down as much as possible.
Autocar also throws in “Model 2” as an alternative designation for five-door newcomer, a natural progression from the Model 3. As for what rivals the Musk Man is targeting, the answer to that question is the ID.3 from Volkswagen.
Before the British government’s plug-in grant, the German hatchback starts at 27,500 pounds sterling while the Model 3 retails at 43,490 pounds sterling. By all accounts, it makes a lot of sense for Tesla to roll out a properly affordable EV.