For a few years now, Tesla and its CEO, Elon Musk, have promised a low-cost model was in the works, but wouldn’t detail how it would look and just how inexpensive it might be. On Tesla's second-quarter 2025 earnings call, Musk let the cat out of the bag and finally confirmed the cheap Tesla is finally coming—and exactly what it will look like.
Right at the very end of the earnings call, Elon Musk was pressured into revealing just what the low-cost Tesla will look like, as he had described everything about it but that. So, did he describe an all-new, smaller EV? Something we've never seen before? A de-facto Chevy Bolt competitor?
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