A recent report from Deutsche Bank has revealed that Tesla is set to introduce a new vehicle priced below $30,000 after tax credits, expected to be launched early next year. The information comes from a meeting between the firm and Tesla’s Head of Investor Relations, Travis Axelrod, suggesting that the new model, tentatively named “Model Q,” will hit the market in the first half of 2025.
While Tesla has not officially confirmed this news, the details provided by Deutsche Bank shed light on the company’s plans for the upcoming year. The new model is expected to be manufactured on existing production lines, allowing Tesla to streamline the production process and reduce costs associated with setting up a new facility.
According to the report, the “Model Q” will be priced below $30,000, including subsidies, which translates to under $37,500 if the US EV tax credit is phased out. This move is projected to boost Tesla’s sales volume by 20-30% in the coming year, although profits may take a temporary hit due to the initial investment required for launching new models.
In addition to the affordable “Model Q,” Deutsche Bank also mentioned Tesla’s plan to introduce a long-wheelbase three-row Model Y specifically for the Chinese market. This expansion into different vehicle segments reflects Tesla’s strategy to diversify its product lineup and cater to a broader range of customers.
While specific details about the “Model Q” are still scarce, Tesla CEO Elon Musk has hinted at a more affordable variant of the company’s existing models. By leveraging existing platforms and technologies, Tesla aims to reduce costs without compromising on quality or performance.
The introduction of a sub-$30,000 Tesla model will make electric vehicles more accessible to a wider audience, potentially driving further adoption of sustainable transportation solutions. As the EV market continues to evolve, Tesla remains at the forefront of innovation, pushing boundaries and setting new standards for the industry.
As we eagerly await the arrival of the “Model Q,” it’s clear that Tesla is committed to making electric vehicles more affordable and accessible to consumers. With the promise of cutting-edge technology, high performance, and a competitive price point, the upcoming Tesla model is poised to make a significant impact on the automotive market.