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Tesla’s $25k Model 2 car is expected to be unveiled in 2024

TSLA analysts at Loup Ventures believe the Tesla Model 2 will be unveiled in 2024.

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

“If the company announces the lower price[d] car too soon, they risk slowing Model 3 sales while ramping up capacity during what is likely to be a broader auto recession,” explained Loup Ventures.

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

Details about the Tesla Model 2

So far, only a few details have been released about the Model 2. Although Tesla hasn̵[ads1]7;t really confirmed any of those details.

Elon Musk has set some goals for the new electric car model that Tesla can focus on during the development of the Model 2.

Firstly The Model 2’s price target is $25,000, which will make it Tesla’s most affordable device yet when it goes on sale. Second, the Model 2 will be either a compact car or a subcompact vehicle – a popular design in Europe and Asia.

Tesla China is reportedly working on Model 2 development. Chinese media have published reports that Model 2 development has already begun. Speculation in 2022 pointed to a tentative release date for the Model 2 in 2023.

The name of Tesla’s $25,000 compact/subcompact vehicle has yet to be officially announced. The terms Model 2 and Model Q have been used to refer to the upcoming electric vehicle, but Tesla has not confirmed the name. During his virtual appearance at the B20 summit in Indonesia in 2022, Elon Musk was asked if Tesla would call the upcoming EV the Model I. Musk neither confirmed nor denied the name. Instead, he stated that a more economical car made sense.

Tesla already has a busy schedule going into 2023. It is being worked on Model 3 renewed, a possible Model Y update, and the Cybertruck’s first production ramp at Giga Texas. The Tesla Cybertruck could be Tesla’s priority in the first half of 2023.

Do you know anything about Tesla’s next gigafactory location? Contact me at or via Twitter @Writer_01001101.

Tesla’s $25k Model 2 car is expected to be unveiled in 2024

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