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

Coming To The U.S. — AC Cars America Officially Launched

AC Cars recently announced the official launch of AC Cars America, LLC – a landmark expansion that brings the legacy …

New Volvo ES90 Slated To Land In Malaysian Showrooms By Early 2026

The fully electric Volvo ES90 will make its debut in Malaysia in early 2026. Chris Wailes, Managing Director of Volvo …

The Most Stolen Cars Differ Between Markets

In Britain, after an Abarth, the second most stolen car is a Lexus ES300. In Japan, it’s the Toyota Land …

Honda CR-V e:FCEV To Enter Pikes Peak Hill Climb As First Hydrogen Powered Competitor 

Honda is set to make history in the U.S. The Japanese carmaker today announced that its CR‑V e:FCEV will be …

Ex-F1 Driver In Unexpected Ferrari Wins Le Mans Ahead Of Porsche

The Ferrari that was expected to win the legendary race did not. Ex-F1 pilot Robert Kubica, Phil Hanson, and Yifei …

Caterham Reveals Last-Of-The-Line Seven 310 Encore

Caterham has launched its latest limited-edition model, the Seven 310 Encore, which celebrates the final farewell of the Ford Sigma …