Tesla investors want answers about Elon Musk's long-rumored $25,000 EV

• Tesla investors want answers complete Elon Musk's plans for much affordable EVs.
• An investor Q&A for Tesla's net was dominated by questions astir a long-rumored $25,000 car.
• Musk said cheaper EVs are connected nan way, but Tesla has been focusing connected nan robotaxi and Optimus robot.

Elon Musk whitethorn person unveiled his robotaxi, but investors are much willing successful proceeding astir Tesla's plans for a $25,000 EV.

Ahead of Tesla's third-quarter net telephone connected Wednesday, unit investors are submitting questions for Musk and different executives successful an anonymous Q&A forum — and want much item astir its long-rumored affordable electrical car.

"Is Tesla still connected way to present nan much affordable exemplary adjacent year, arsenic mentioned by Elon earlier, and really does it align pinch your AI and merchandise roadmap?" publication nan top-voted mobility connected nan platform, pinch astir 5,000 votes representing holders of immoderate 2.2 cardinal Tesla shares.

The 2nd astir celebrated investor mobility besides addressed nan affordable EV, asking erstwhile shareholders could expect a "~$25K, non-robotaxi, regular car model?"

Other questions from investors concerned nan Semi truck, agelong waiting times astatine Tesla work centers, and nan updated Roadster, which has faced aggregate delays since being announced six years ago.

The questions bespeak shareholders' unease complete Tesla's affordable EV, which has been mired successful uncertainty for months.

Musk told investors successful April that Tesla was accelerating plans to build cheaper cars, aft denying a study that Tesla was scrapping a $25,000 "Model 2."

Musk added that accumulation could commencement successful early 2025, but Tesla has released fewer specifications since then.

The affordable EV was not mentioned erstwhile Musk unveiled nan robotaxi astatine an arena successful Los Angeles, with immoderate analysts expressing disappointment and Tesla's banal falling aft nan "Cybercab" grounded to wow Wall Street.

Elon Musk has alternatively focused connected products specified arsenic nan robotaxi and Tesla's Optimus humanoid robot. The billionaire has been clear that he regards Tesla arsenic an AI and autonomy business alternatively than an automotive enterprise.

But Tesla is very overmuch still a car company, pinch nan immense mostly of its revenues coming from EV sales. The automaker's ascendant stock of nan US electrical conveyance marketplace has been slipping successful caller months, arsenic rivals rotation retired cheaper EVs.

Tesla is besides nether unit from China's electrical car giants, which person grown quickly by offering a wide scope of electrical vehicles astatine charismatic value points.

BYD, which concisely overtook Tesla arsenic nan world's largest EV shaper successful 2023, sells electrical vehicles for little than $10,000 successful China, and respective section EV startups person rolled retired models that undercut Tesla's prices successful caller months.

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