Tesla Is Unlikely to Launch $25,000 Model

By Parkev Tatevosian, CFA – May 2, 2024 at 5:42AM

NASDAQ: TSLA

Tesla

Market Cap

$566B

Today's Change

(-1.41%) -$2.51

Current Price

$174.95

Price as of May 20, 2024, 4:00 p.m. ET

Tesla downplayed expectations of the $25,000 model, preferring to call it a lower-priced model instead.

Fool.com contributor Parkev Tatevosian explains why he thinks Tesla (TSLA -1.41%) will not make good on a long-promised $25,000 model.

*Stock prices used were the afternoon prices of April 29, 2024. The video was published on May 1, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.