Tesla's Next Car

Tesla CEO Elon Musk said the automaker's next vehicle platform will exceed Model 3 and Model Y production, will be roughly half the cost of the Model 3 and Model Y but be smaller in size. 

The Model 3 starts at about $47,000 while the Model Y starts at about $67,000. No timetable was given for the new, cheaper vehicle but you'd expect it to be years away as Tesla now has to focus on the rollout of both the Cybertruck and the Tesla Semi. 

The vehicle in the picture is not an official Tesla design but what the new $25,000 Tesla may look like.