Elon Musk says making a regular $25,000 Tesla would be 'pointless' as he goes all-in on robotaxis

• Elon Musk thinks it would beryllium "pointless" for Tesla to build a accepted EV costing astir $25,000.
• The Tesla CEO said specified a move would beryllium "silly" and "at likelihood pinch what we believe" connected its net call.
• Musk is all-in connected nan robotaxi, which Tesla unveiled this month, but immoderate investors want cheaper models.

Elon Musk is all-in connected autonomous vehicles — and Tesla fans hoping it mightiness commencement trading much accepted mass-market EVs should astir apt not clasp their breath.

Speaking connected Tesla's third-quarter net call connected Wednesday, Musk described building an affordable non-autonomous EV arsenic "pointless" successful consequence to a mobility asking erstwhile investors tin expect a "$25,000 non-robotaxi regular car model."

"I deliberation having a regular $25,000 exemplary is pointless. It would beryllium silly. It would beryllium wholly astatine likelihood pinch what we believe," he said.

The billionaire said each of Tesla's upcoming vehicles would beryllium autonomous, and that it should beryllium "blindingly obvious" that self-driving EVs are nan future.

Musk's comments will apt travel arsenic a rustle to Tesla fans hoping for a truly mass-market model.

He reaffirmed that Tesla intends to merchandise cheaper EVs starting successful nan first half of 2025, but spent overmuch of nan net telephone discussing plans for a self-driving robotaxi successful 2027.

Tesla unveiled nan "Cybercab" earlier this period astatine an arena successful Los Angeles pinch specified a Hollywood science-fiction sheen that it sparked ineligible action from nan makers of "Blade Runner 2049."

The two-seat Cybercab will costs little than $30,000, Musk said astatine nan event. However, experts antecedently told Business Insider nan vehicle, which has nary steering wheels aliases pedals, is apt to look a difficult roadworthy to regulatory approval.

Tesla investors person been clamoring for news astir nan company's plans for much affordable vehicles up of Tesla's Q3 earnings.

The long-rumored affordable "Model 2" has been mired successful uncertainty for months.

Musk told shareholders that Tesla planned to "accelerate" accumulation of cheaper models successful April, aft denying a study that suggested nan institution had ditched plans to build a $25,000 EV.

Tesla stock roseate arsenic overmuch arsenic 12% successful afterhours trading, erasing nan losses pursuing nan robotaxi launch.

Tesla did not instantly respond to a petition for remark from Business Insider.