During the Q&A webcast related to Q4 2021 financial results, Tesla CEO Elon Musk answered a question about the progress on the rumored $25,000 electric car.

As it turns out, there is no such project right now, but it sounds like there is a potential chance in the future. The company is currently overwhelmed by other projects.

“We’re not currently working on the $25,000 car... At some point we will, but we have enough on our plate right now, too much on our plate, frankly.”

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Tesla Leaves A Hole In The Line Up - Who Will Swoop In And Steal The Segment?

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