Analyst: Expect Tesla’s $25,000 Model 2 to launch in 2024

IT House News on January 2, Tesla analysts at Loup Ventures believe that the Tesla Model 2 will be unveiled in 2024.

“Tesla will wait until 2024 to reveal the Model 2,” Loup Ventures said in its 2022 forecast letter.

Loup Ventures explained: “If the company releases a lower-priced car prematurely, it may cause Model 3 sales to slow down. It will also be difficult to meet the production capacity of new cars.”

The venture capital firm expects Tesla to offer a preview of the Model 2 in early 2024 and begin ramping up production of the new electric car in mid-2025.

IT Home understands that Elon Musk has set some goals for the new model, and Tesla may focus on these goals during the development of the Model 2. First, the Model 2 has a price target of $25,000 (about 173,000 yuan), which would make it Tesla’s most affordable model when it goes on sale. Second, the Model 2 will be a compact car, or subcompact car, which is popular in Europe and Asia. It is worth mentioning that it was previously reported that Tesla China is developing the Model 2.

The name of Tesla’s $25,000 compact/subcompact vehicle has yet to be officially announced. The names Model 2 and Model Q have been used to refer to the upcoming model, but Tesla has not officially confirmed the name. . During a virtual appearance at the 2022 B20 summit in Indonesia, Elon Musk was asked if Tesla would name its upcoming entry-level electric car the Model I. Musk didn’t confirm or deny the name, instead saying a more affordable model would make sense.