Way back in September 2020, Tesla CEO Elon Musk planted the idea of a “compelling” $25,000 electric vehicle. The promise came as the company worked to reduce the cost and boost the range for its EV batteries.

That attractive price point has been a lingering idea for Tesla in the years since Musk threw out the figure during a “Battery Day” event. But this week, during the company’s third quarter earnings call, Musk called a regular $25,000 Tesla model “pointless” and “silly.”

“Like, it'll be completely at odds with what we believe,” he told investors.

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