Volkswagen Unveils Elon Musk’s Lost Dream Car With Latest $25,000 Entry-Level Electric Car

The stock was cut so badly that analysts were almost certain it would crash, and even CEO Elon Musk wasn’t sure about the company’s future. The company is losing everything and making up most of the broken promises that Musk made on his Twitter account.
Musk made and kept one promise: to build an affordable premium all-electric car for the masses. This led to the launch of the Tesla Model 3 in 2017 with a base price of around $35,000. Tesla has slowly evolved into the electric vehicle (EV) that it is today. Since then, Teslas have become more expensive, with the cheapest models on the market selling for around $43,000.
In September 2020, Musk made another bold pledge to build a $25,000 car to increase the affordability of electric vehicles. Although it never came to fruition, Musk doubled down on his promise in 2021, dropping the promised price to $18,000. Affordable EVs were supposed to show up at Tesla Investor Day in March 2023, but that didn’t happen.
With the release of the ID, Volkswagen seems to have surpassed Musk in making affordable electric vehicles. 2 All cars are reported to cost less than €25,000 ($26,686). The car is a small hatchback, making it one of the cheapest electric vehicles on the market. Previously, the crown was held by Chevrolet Bolt with a price tag of about $28,000.
About ID. 2all: Volkswagen offers a glimpse into the future of its compact electric vehicle with the introduction of the ID. 2all concept car. A fully electric vehicle with a range of up to 450 kilometers and a starting price of less than 25,000 euros will hit the European market in 2025. IDENTIFIER. The 2all is the first of 10 new electric models that VW plans to introduce by 2026, in line with the company’s accelerating push into electric vehicles.
Identification. With front-wheel drive and a spacious interior, the 2all can rival the Volkswagen Golf while being as affordable as the Polo. It also includes cutting-edge innovations such as Travel Assist, IQ.Light and an electric vehicle route planner. The production version will be based on the new Modular Electric Drive Matrix (MEB) platform, which improves the efficiency of drive, battery and charging technology.
To keep up to date with the best venture investments, subscribe to the Benzinga Venture Capital and Equity Crowdfunding newsletter.
Volkswagen Passenger Cars CEO Thomas Schäfer explains the company’s transformation into a “true brand of love”. 2 embodies the combination of cutting-edge technology and superior design. Imelda Labbe, Member of the Management Board responsible for Sales, Marketing and After Sales, emphasizes that the focus is on customer needs and requirements.
Kai Grünitz, board member responsible for technical development, emphasizes that the ID.2all will be the first front-wheel drive MEB vehicle, setting new standards in terms of technology and everyday practicality. Andreas Mindt, Head of Passenger Car Design at Volkswagen, spoke about Volkswagen’s new design language, which is based on three pillars: stability, appeal and excitement.
Identification. 2all is part of Volkswagen’s commitment to an electric future. The automaker plans to launch ID.3, ID. Long wheelbase and hot topic for 2023 ID.7. The release of the compact electric SUV is scheduled for 2026. Despite the challenges, Volkswagen aims to develop an electric vehicle under €20,000 and aims to achieve an 80 percent share of electric vehicles in Europe.
Read next: Before Tesla was a powerhouse, it was a startup trying to get big. Now everyone can invest in pre-IPO startups. For example, QNetic is a startup developing low-cost energy storage solutions for sustainable energy.
This startup has created the world’s first AI marketing platform that can understand emotions, and it’s already being used by some of the largest companies on Earth.
Never miss real-time notifications about your promotions – join Benzinga Pro for free! Try tools to help you invest smarter, faster and better.
This Volkswagen article reveals Elon Musk’s unrealized dream car with the latest $25,000 entry-level electric car originally listed on Benzinga.com