Tesla’s $25,000 EV May Arrive Sooner Than Expected

Tesla is gearing up to release its most affordable electric vehicle yet, the Model 2, with a targeted base price of $25,000. According to recent comments from Tesla CEO Elon Musk this budget EV could arrive sooner than expected. Gary Black, managing partner at Future Fund believe as early as late 2024. That would put major pressure on legacy automakers trying to transition to electric.

render by @LaMianDesign

Musk has indicated the Model 2 is far along in development, with production plans at Tesla’s new Gigafactory in Texas being reviewed weekly. He has emphasized that the manufacturing techniques will be unique and revolutionary in the auto industry. The more efficient production will help Tesla offset the lower margins of a $25,000 car.

Hitting that aggressive price point is key to unlocking a much bigger market for EVs. Up until now, many average car buyers have been priced out of the EV revolution. The Model 2 would make an electric option accessible to a wider range of consumers and greatly accelerate the demise of gas-powered cars.

Getting to market by end of 2024 would put major pressure on legacy automakers who are slowly transitioning their fleets to electric. As regulations tighten and gas car bans start kicking in, the affordable Model 2 could be perfectly timed to swoop in and capture massive market share from lagging competitors. If Tesla can achieve this while maintaining strong quality, it will cement EV domination.

More Articles for You

New Tesla Model Y Makes Appearance in LA And London

The all-new Tesla Model Y has just showed its long-waited face at showrooms in Los Angeles ahead of a nationwide …

Latest JD Power Customer Satisfaction Survey Shows Surprising Results

JD Power’s results for 2025 are here and there are a few surprises. Lexus stayed on top with Buick hot …

Malaysia’s Denza Z9 GT Teased Ahead Of Its Debut

China’s stylish automaker Denza briefly teased its D9 fully electric gran tourer for Malaysia’s market at this week’s Denza D9 …

New Audi Q7 Green Lit To Go On Sale In Malaysian Market From May 2025

The Q7 is heading this way. At a press conference today, Denyu Bostandzhiev, managing director of Volkswagen Passenger Cars Malaysia …

Facelifted Tesla Model Y Debuts In Malaysia From RM195,000

Tesla has just revised its big-selling Model Y and in Malaysia it’s just officially debuted. Prices for the facelift, without …

Chery Malaysia Starts Exporting CKD Jaecoo J7 SUVs To Southeast Asia

Chery has just crossed a huge bridge in terms of local production and supply. Locally assembled (CKD) cars are now …