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Tesla NEW Model: Musk clarified that the upcoming vehicle would not be named the Model 2.
00:38 What will appear on Tesla's next big project?
02:22 What are the benefits of a low-cost pure FSD car for the United States?
04:00 What can "Robo Van" do?
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Tesla NEW Model: The mysterious car has not been revealed.
During a recent all-hands meeting, Tesla CEO Elon Musk provided some updates on one of the company’s most ambitious vehicles yet: a compact car whose cost is just ~$25,000. As per the information shared by individuals familiar with the items discussed within the meeting, Musk clarified that the upcoming vehicle would not be named the “Model 2,” but it could be a car designed for Full Self-Driving with no steering wheel or physical pedals.
An affordable Tesla in China — particularly one that is reportedly based on the Model 3 platform — would likely be a substantial hit among budget-conscious buyers who are looking to get the most out of their vehicle purchase. Tesla tends to equip its cars with a robust set of standard features, and its vehicles typically offer performance that’s far above their price point. These, together with the convenience offered by the Supercharger Network, would likely allow Tesla’s affordable car in China to be competitive in the country’s local market.
What will appear on tesla's next big project?
EV blog Electrek, citing individuals who were also at the recently-held all-hands meeting, further claimed that the $25,000 compact car has a tentative release date of 2023. This is notably conservative as previous reports from China hint that work on an affordable Tesla is already underway. Earlier this year, local reports from Chinese media outlets hinted that a vehicle that’s more affordable than the Model 3 would likely start testing in the latter half of the year.
More recent reports from the world’s largest EV market hinted that a prototype of the affordable Tesla had also been completed, and most suppliers for the upcoming vehicle had already been lined up. Considering Musk’s recent comments at the hands-on meeting, it almost seems like Tesla is building two affordable all-electric cars: a more traditional compact EV that would be released in China and another low-cost car that’s primarily designed for Full Self-Driving in the United States. Both vehicles have the potential to be disruptive in their own way.
An affordable Tesla in China — particularly one that is reportedly based on the Model 3 platform — would likely be a substantial hit among budget-conscious buyers who are looking to get the most out of their vehicle purchase. Tesla tends to equip its cars with a robust set of standard features, and its vehicles typically offer performance that’s far above their price point. These, together with the convenience offered by the Supercharger Network, would likely allow Tesla’s affordable car in China to be competitive in the country’s local market.
Tesla NEW Model: Musk clarified that the upcoming vehicle would not be named the Model 2.
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