Tesla model 3
The Model 3 is currently Tesla's cheapest car.
  • Tesla could build a new car that will sell for nearly $27,000, per Reuters.
  • The company has been talking about building a sub-$30,000 EV for years.
  • It could be a boost for the EV transition, which has been hampered by a lack of affordable options.

Tesla is planning to build a 25,000 euro ($27,000) electric car at its Berlin Gigafactory, according to a report from Reuters citing an unnamed source.

Tesla CEO Elon Musk reportedly told staff about the plans during a visit to the factory on Friday.