Even Musk seems to realize that Tesla’s future pricing numbers are made up
Tesla’s pricing numbers for its future vehicles are all over the place and changing by the minute. Just today, CEO Elon Musk revealed that the promised $30k price for Robotaxi would be “post-incentive” – before saying the car would cost $25k just minutes later.
During Tesla’s Robotaxi event earlier this month, the company revealed that the autonomous-focused vehicle would be available to end users for just a $30k base price.
While this isn’t quite the $25k car we’ve been promised for many years, the $30k pricetag for a fully autonomous vehicle did seem quite attractive to many people.
…If it were real. And it turns out it was not.
Today on Tesla’s earnings call, Musk made multiple conflicting statements about the pricing of the Tesla Robotaxi, suggesting that even he has no idea how much the vehicle will cost when it comes out.
The first question asked on the call went thusly:
Is Tesla still on track to deliver the more affordable model next year, as mentioned by Elon earlier, and how does it align with your AI and product roadmap?
We just reported on this earlier today, when the shareholder letter said that more affordable models will come out next year. We came away questioning which model Tesla is talking about – will it be the Model Y refresh, or an actual new model that we haven’t yet heard anything about?
In response to this shareholder question, Tesla added a third option into the mix: maybe they were talking about Robotaxi? (which, it should be noted, almost everybody except Musk recognizes is not actually coming out next year)
Tesla answered the question in this way:
As Elon and Vaibhav both said, it’s our plan to meet that in the first half of next year. Our mission has always been to lower the cost of our vehicles to increase the adoption of sustainable energy and transport. Part of that is lowering the cost for current vehicles. The next stage in that fits into our AI roadmap which is when we bring in Robotaxi which lowers the initial cost of getting into an EV
Then, immediately after this discussion about Robotaxi, Musk immediately added:
It’ll be like, with incentive, sub 30k. Which is kind of a key threshold.
And this is actually new information. Prior to this, Tesla had only said that the vehicle would start at $30k – without specifying if this was pre- or post- incentive.
If it’s post-incentive, that means the Robotaxi will have a base price of potentially $37,499 – which is in fact not measurably more affordable than other cars Tesla has made before.
Previously, the Model 3 has sort-of-kind-of been available for $35k as an “off-menu” item, but it’s questionable whether anyone was able to take advantage of that brief pricing window. But Tesla still has a blog post on its site announcing this vehicle’s availability.
More realistically, the cheapest available Tesla has been the $38,990 Model 3 from last year, which was available with an upfront $7,500 federal tax credit. That puts it at just $1,400 more expensive than the future $37.5k Robotaxi, a less than 4% difference in price.
So the Robotaxi does not look to be significantly cheaper than past models, and the $30k price seems to be based on incentives.
Notably, these are incentives that Musk is actively working to end. Musk has committed hundreds of millions of dollars to harm EVs, aiming his money at a candidate who asked oil companies to bribe him to end EV incentives, whose Project 2025 platform calls for an end to the bill that created these EV incentives, and who has hallucinated about ending an EV mandate that doesn’t exist.
So it might be hard to meet that $30k number if Musk has committed so much money and time towards ending the incentive that he just acknowledged his pricing promise relies on.
But maybe it’s not actually going to be $37.5k after all?
Because, later in the same call, when asked when Tesla would have a $25k model vehicle (like the one Musk recently cancelled) that isn’t the Robotaxi/Cybercab, Musk said: “having a regular 25k model is pointless” and then later in the same answer, said about the Robotaxi that “it’ll cost on the order of constructively 25k. So it is a 25k car. And you will be able to buy one exclusively if you want.”
So, despite just minutes ago clarifying that the Robotaxi would be $30k after incentive, he went on to say that it would instead cost $25k, and didn’t mention whether incentives are involved in that pricing number.
This $5k change in pricing over the course of just a few minutes recalls a similar passage in Tesla’s 2024 shareholder meeting, wherein Musk suggested that Optimus robots (which are currently operated remotely by humans) could eventually be worth some $20 trillion to Tesla’s market cap. A few minutes later, Musk said he thinks it would be worth $25 trillion to Tesla’s market cap – a jump in valuation larger than the total value of any company in the history of the world, and over the course of just a few minutes no less.
All of this suggests something that many observers have recognized for a while: when a number comes out of Elon Musk’s mouth, it may or may not have any bearing in reality. That’s certainly been the case on release dates at many points in Tesla’s past, and to Musk’s claims on FSD interventions. But it has also applied to prices, and that seems to apply again here.
The difference this time, however, is that instead of picking one fake price and sticking to it, even after it’s apparent that it won’t be the case, Musk now seems to change his fake numbers from sentence to sentence.
Perhaps he’s finally realizing the thing everyone else realized long ago.
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Trump’s Interior Department halted construction on 704 megawatt (MW) Revolution Wind, the US’s first multi-state offshore wind project that’s already 80% complete. Grid operator ISO New England says the decision is a threat to the grid.
ISO New England released a statement responding to the stop-work order, warning that “delaying the project will increase risks to reliability.”:
As demand for electricity grows, New England must maintain and add to its energy infrastructure. Unpredictable risks and threats to resources – regardless of technology – that have made significant capital investments, secured necessary permits, and are close to completion will stifle future investments, increase costs to consumers, and undermine the power grid’s reliability and the region’s economy now and in the future.
Revolution Wind, a joint development between Ørsted and BlackRock’s Global Infrastructure Partners, is a 65-turbine project capable of powering around 350,000 homes in Rhode Island and Connecticut once it’s complete. It was expected to come online next year. The project has created more than 1,200 jobs.
On August 22, the director of Bureau of Ocean Energy Management sent a vague letter to Ørsted commanding it to halt all activities on the fully permitted Revolution Wind, citing “national security interests,” yet providing no details.
BOEM’s Record of Decision for Revolution Wind, reported in 2023 in Section 4.6, page 185, states that the national security effects of the project would be “negligible and avoidable.”
This latest move echoes Trump’s cancellation in April of New York’s $5 billion Empire Wind 1 project, which was already under construction off New York’s coast. No viable reasons were given for that stop-work order either, and the cancellation was reversed in May.
Kit Kennedy, managing director for power at Natural Resources Defense Council (NRDC), released the following statement in response to the Revolution Wind order:
The Trump administration’s war on the electricity needed to power the grid continues on all fronts. Halting Revolution Wind is a devastating attack on workers, on electricity customers, and on the investment climate in the US.
New England homeowners will feel this when they tear open their electricity bills and look at the surging costs of keeping the lights on.
This administration has it exactly backwards. It’s trying to prop up clunky, polluting coal plants while doing all it can to halt the fastest growing energy sources of the future – solar and wind power.
It makes no sense to say we have an energy emergency and then make decisions like this. Unfortunately, every American is paying the price for these misguided actions.
Read more: Trump reversal revives Empire Wind, NY’s offshore energy giant
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Tesla is teasing a new product release on Friday, August 29th, coming to Europe and the Middle East. It’s likely going to be the Model Y Performance.
On X today, Tesla has teased an upcoming product release coming this friday.
The post is cryptic. It only mentions ‘spoiler alert’ and the date August 29 with what looks like a close up of a vehicle with what appears to be a spoil – hence the “spoiler alert” reference:
There are main suspect is the Model Y Performance due to the spoiler reference.
Since the Model Y refresh in January, Tesla stopped selling the Model Y Performance. It is due to launch the top performance version under the new design.
When Tesla released the Model 3 refresh in 2024, it took about 4 months for Tesla to launch the new performance version.
Electrek’s Take
The only thing that I find strange with this likely being the Model Y Performance is the fact that they tweeted this from the Europe and Middle East account.
It would be strange for the Model Y Performance to launch there first, but who knows. Maybe Tesla started production at Gigafactory Berlin first.
I don’t think this will have a major impact on Tesla’s business. The Model Y Performance is the least popular version of the best-selling Model Y.
We don’t have the full mix of sales, but I wouldn’t be suprised if it represents less than 10% of Tesla’s Model Y deliveries.
The Model 3 Performance is probably a more popular option within the Model 3 lineup as it is a lot more fun to drive.
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![Genesis GV60 Magma EV sheds camo, revealing a radical new look [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/08/Genesis-GV60-Magma-EV-2.jpeg?resize=1200,628&quality=82&strip=all&ssl=1)
The GV60 Magma will have a distinct look and feel compared to other Genesis vehicles. As the first EV from its new performance sub-brand, the Genesis GV60 Magma will debut with enhanced power, advanced suspension, a sporty new design, and more. For the first time, it was caught on video racing around the Nürburgring, giving us our closest look yet.
Genesis GV60 Magma EV flexes new style at Nürburgring
We got our first look at the new Magma models last March at the NY Auto Show alongside the full-size Neolun concept.
Magma is “the brand’s expansion into the realm of high-performance vehicles,” Genesis boasted. Among the first vehicles to earn a Magma upgrade is the GV60.
Genesis fine-tuned the electric crossover SUV, giving it a wider and lower stance for improved control. The larger lower air intake contributes to the aggressive new look, while also serving to cool the batteries and motor, both of which have been upgraded for enhanced performance.
Earlier this year, we got a good look at the GV60 Magma during winter testing in Europe. Although you could see a few new design features, it was mostly covered in camo.
After it was recently spotted with less camo at the Nürburgring race track in Germany, we are getting an even better idea of what to expect when it arrives.
The video from CarSpyMedia shows the Genesis GV60 Magma EV with a production body and minimal camouflage.
You can see the high-performance vehicle flexing its power and handling as it rips around the track. Like other Hyundai Motor performance EVs, including the new IONIQ 6 N, you can expect the Genesis GV60 Magma to deliver over 600 horsepower, if not closer to 700.
The current Genesis GV60 Performance delivers up to 429 horsepower and 516 lb-ft of torque, good for a 0 to 60 mph sprint in 3.7 seconds.
| Horsepower | 0 to 60 mph (seconds) |
Starting Price | |
| Genesis GV60 Performance | 429 | 3.7 | $69,900 |
| Genesis GV60 Magma | ? | ? | ? |
| Porsche Taycan | 402 | 4.5 | $99,400 |
| Porsche Taycan Turbo GT (with Weissach Package) |
1,092 | 2.1 | $230,000 |
| Tesla Model S Plaid | 1,020 | 1.99 | $89,990 |
Genesis will launch the GV60 Magma EV later this year in Korea, followed by the US, Europe, and other global markets. We will learn prices and final specs closer to launch, but given the Performance models start at $69,900, you can expect a higher starting price tag, likely closer to $75,000.
At that it would be significantly less than the Porsche Taycan Turbo and Tesla Model S Plaid. Will it match the performance?
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