Tesla Model 2
Tesla scraps plans for low-cost car amid fierce competition from Chinese EVs, report says
Reuters reported that Tesla has canceled its long-promised low-cost car expected to start at about $25,000. Musk called the report a lie.
Tesla's lower-priced model coming with planned annual capacity of 4 million units, report says
Tesla's lower-priced model will be a smaller version of the Model Y, and the EV maker is building a capacity plan for it of up to 4 million units a year, a new report said.
Tesla said to aim for $25,000 electric car release in 2023
Musk linked the launch of the new model to Tesla achieving a deployable full self-driving system, even asking employees, "Do we want to have this car come with a steering wheel and pedals?"
How will local Chinese brands counter Tesla's potential $25,000 EV?
Six months ago Tesla was rumored to be launching a Model 2 in China with a price tag as low as RMB 160,000 ($25,000), though this was denied by the company. Recently such rumors have resurfaced, raising high concerns in China's new energy vehicle industry.
Analysts calculate how Tesla could launch 'Model 2' with price tag of $25,000
While Tesla executives have denied there were plans to launch a $25,000 'Model 2,' analysts are envisioning the product's arrival.
Tesla refutes reports of $25,000 Model 2 as fake news
Reports that Tesla is developing a $25,000 vehicle are circulating widely among Chinese Internet users today. In response, Tesla has dismissed them as fake news.
