Elon Musk Confirms $25,000 Tesla Model 2, Targeting Late 2024 Launch to Rival Affordable EVs
June 10, 2024During Tesla's recent earnings call, CEO Elon Musk confirmed plans for future affordable cars based on a new platform.
The potential launch for these affordable cars could be as early as late 2024 or early 2025.
The Model 2, a low-cost Tesla based on the Model Y platform, is expected to utilize both current and next-generation platforms for increased production capacity.
Former board member Steve Westly emphasized the market demand for a $25,000 Tesla.
Other automakers like Stellantis, General Motors, and Ford are also working on affordable EVs, increasing the competitive pressure on Tesla.
Production for the Model 2 is now planned for Texas instead of Mexico.
The compact crossover is rumored to resemble a smaller Model Y and could potentially cost around $32,500.
Despite limited official details on design and features, the Model 2 promises to be a game-changer in the electric vehicle market.
Summary based on 0 sources