According to analysts at Loup Ventures, Tesla's highly anticipated $25,000 Model 2 is expected to launch in 2024. This prediction comes from the venture capital firm's 2022 forecast letter, which stated that Tesla will wait until 2024 to reveal the Model 2 in order to avoid slowing down sales of the Model 3 and to ensure sufficient production capacity. Loup Ventures also expects Tesla to offer a preview of the Model 2 in early 2024 and ramp up production in mid-2025.
Many Tesla fans and potential buyers have been eagerly awaiting the release of the Model 2, which promises to offer the same high-quality features and performance as the company's other models at a more accessible price point. However, it seems that they will have to wait a little longer for the official unveiling of the car.
While some may be disappointed by the news of a delayed launch, it is understandable that Tesla would want to ensure that the Model 2 is fully ready for production before releasing it to the public. The company has a reputation for innovation and excellence, and no doubt wants to ensure that Model 2 lives up to those standards.
According to Elon Musk, the Tesla Model 2 will be a game-changer for the company. Not only is it aiming to be the most affordable Tesla model yet with a price target of $25,000, but it will also be a compact or subcompact car, a popular size in markets such as Europe and Asia. It has even been reported that Tesla China is involved in the development of Model 2.
These goals show that Tesla is looking to expand its reach and appeal to a wider market with the Model 2. The lower price point and compact size will make it more accessible to a wider range of consumers, potentially helping Tesla to reach a larger customer base and increase sales.
While the name of Tesla's upcoming $25,000 compact or subcompact vehicle has yet to be officially announced, it has been referred to as the Model 2 or Model Q. However, Tesla has not confirmed the official name of this new model.
During a virtual appearance at the 2022 B20 summit in Indonesia, Elon Musk was asked if the company would name the car the Model I. Musk did not confirm or deny the name, instead stating that a more affordable model would make sense for Tesla.
As we wait for the official name and launch of this new model, speculation about the name and other details will continue. It is clear that the Model 2, or whatever it ends up being called, is an important project for Tesla and is highly anticipated by consumers. We will have to wait for an official announcement from the company for more information about this exciting new electric vehicle.