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The Tesla logo on a red, black, and white background.
Illustration by Alex Castro / The Verge

Tesla is reportedly preparing to build a $25,000 electric car built on the company’s next-generation engineering platform. Axios reports that Elon Musk biographer Walter Isaacson has detailed the plan to build a $25,000 electric car alongside an autonomous robotaxi that could ferry passengers around.

The $25,000 car reportedly has a futuristic design like the long-delayed Cybertruck — the angular pickup truck that Tesla first revealed in 2019. The Cybertruck will supposedly begin production this year, with production-at-scale beginning in 2024.

This isn’t the first time we’re hearing about Tesla’s plans for a $25,000 electric car. Musk promised one in 2018, saying it would be possible within three years. The goal for a more affordable EV...

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