The Model 3 is currently Tesla’s cheapest electric car. It starts at £39,990 for the most basic rear-wheel-drive model, rising to £59,990 for the “performance all-wheel drive” edition. More advanced self-driving features also cost extra. You’ll pay an additional £6,800 for the top level of in-car intelligence. A Tesla Model 3 is not cheap.

On Wednesday, Tesla had its quarterly earnings call for Q3 2024, with the financials looking healthy: Revenue and earnings went up year over year (8% and 17%, respectively, with Tesla's energy generation and storage business performing exceptionally well (a 52% increase).

Tesla reaffirmed its commitment to launching more affordable electric vehicles (EVs) in early 2025, according to its third-quarter earnings report. The company reiterated that it is preparing to introduce new,

For several years now, Tesla has been teasing everyone with the promise of more affordable models. While the Tesla Model 3 is pretty reasonably priced, many have been waiting for a promised $25,000 model,

The Tesla company has been working on affordable models for several years and finally intends to launch them next year.