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

Tesla Rivaling Zeekr 7X To Debut In Malaysia In 2025

At Zeekr’s launch last week of its X and 009 models, Malaysian distributor Sentinel Automotive announced that China’s Geely premium …

New Peugeot e-3008 Revealed At KLIMS, Debut Imminent In Malaysia 

Peugeot’s all-new electric e-3008 is slated to debut in Malaysia after its timely KLIMN reveal.  Just unveiled at the Kuala …

New MG7 Fastback Debuts At KLIMS With 261-hp Turbo

Currently being held in the Malaysian capital, the Kuala Lumpur International Mobility Show (KLIMS) 2024 became the venue for SAIC …

New Zeekr X Debuts In Malaysia With 440 km Range

Zeekr has been on our radar for over a year now, and folks, the Zeekr X is finally here. For …

New GWM Tank 500 Shown At KLIMS Before It Lands In Malaysian Showrooms

Following the announcement last year that the GMW Tanks 500 would definitely be introduced in Malaysia, the 500 debuted at …

New 5th Gen Kia Sportage Debuts in Malaysia From RM150K

With the launch of the new fifth-generation Kia Sportage in Malaysia, Dinamikjaya Motors (DJM) has made a major entry into …