Well right now the company is already facing severe demand for their vehicles, with Model Y (most popular model) being soldout till Feb 2023. With such huge demand, it would be rather silly to not maximise their revenue growth in vehicle lines that generates more profit. I believe the $25k car is an eventuality rather than a possibility. Eventually Tesla will be targetting the market for budget conscious consumers.Excited for whats to come on the 2nd AI Day (to be held tentatively on this coming 14th August).
$Tesla Motors(TSLA)$omg what "horrible" news, please sell/short this stock! Something that can be solved via an over the air update is also considered as a recall? [Chuckle]
Tesla Recalls 107,293 Model 3 and Model Y in China