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Tesla preparing to launch low-cost small electric car

American electric car maker Tesla plans to launch an affordable and small electric car. The company’s CEO, Elon Musk has hinted at work on a next generation vehicle. It will be smaller and cost less than Tesla’s Model 3 and Model Y.

Musk has ambitious plans for a new EV. They said that Tesla The company aims to keep the production cost of this electric car about 50 percent lower than the Model 3 and Model Y. He said that its production could be more than the total production of other models of the company. The Model 3 and Model Y count among the 20 best-selling cars in the US. In this sense, Tesla’s plans for a new electric car look big. The Model 3 is the company’s current lowest priced electric car. Its price starts from around $50,000.

If Tesla launches a car at a price of around $30,000, it will be on par with the low-cost cars sold in the US. However, the wait for Tesla cars in India can be long. The lowest priced electric car in the country is Tata’s Tiago EV. Its price is around $10,000.

Tesla is hiring a large number of employees. A few months ago, Musk talked about the economy. anxiety Was expressed. However, Tesla’s hiring across multiple categories is indicating the company is positive about the business. Tesla listed more than 6,900 jobs on its careers website this week. This is an increase of about 50 percent compared to June. The company had advertised for more than 7,400 jobs in May. Musk warned his colleagues in early June of the weakening of the economy. He said that Tesla would have to cut jobs. However, after this he had tweeted that the total number of employees of the company will increase in the next 12 months. Jobs listings on Tesla’s website were down in June and July.

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