Why isn’t Tesla launching its cheapest electric car?

From Loup Ventures anticipate the presentation date of Tesla’s cheapest electric car, the hypothetical Model 2, and the reasons why it will not hit the market sooner.

There’s been a lot of back and forth in recent years about Tesla’s long-awaited affordable electric car, unofficially known as the “Model 2.” Now, new information points to the arrival of the vehicle sooner than one might imagine, since it has been Tesla’s stock analysts, Loup Ventures, who have made such a statement. Will the arrival of this long-awaited electric finally come true?

As might be expected, there is no official arrival date or a name given by Tesla for this model, although, as already mentioned, the source can be reliable since they are the same ones who have already announced the arrival of others years ago. progress. In any case, Elon Musk himself mentioned the need to launch an “affordable” model within the range, which would be in the range of $25,000.

According to reports, the company itself recognized that, after the arrival of electric vehicles that are already on hold, it would be the ideal time for the commercialization of an electric car that would be designed and produced in China for global consumption.  Its presentation began to be rumored after the manufacturer began the search for personnel.

Finally, none of this has happened, although the dates announced by Loup Ventures to Teslarati could make things quite clear: “ Tesla will wait until 2024 to announce the Model 2. If the company announces this lower-priced car too soon, it risks slowing Model 3 and Model Y sales while increasing production capacity, likely leading to an automotive recession for the brand.”

Tesla Model 3

That said, the analyst company points out that they must first market the models and technology that they have already announced, such as the Tesla Cybertruck, complete the Tesla Semi range, open the new North American factory or launch the Tesla Model 3 update. The repertoire of upcoming releases is more than accused.

Loup Ventures they have pointed out that the announcement and presentation of an initial prototype of the electric car should take place during the first half of 2024. Subsequently, its commercialization would not start until the middle or end of 2025 to have time to complete the rest of the projects. current.

Theoretically, as has been pointed out historically, the future Tesla Model 2 should be a compact that would be below the Tesla Model 3 in terms of market position. However, since it is not a model that has been officially presented, for now, it is a mystery.

Lynda Reeder

I'm Lynda, I currently own Tesla. I write about electric cars. My aim is to provide information on how technology can improve the ownership experience of electric vehicles.

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