During Tesla’s Q1 2025 earnings call, there were hints dropped by executives about the highly anticipated “Model 2” and other next-generation EV designs that the company is working on.
In the earnings call, Tesla briefly touched upon the possibility of introducing new models later this year. Lars Moravy, the company’s product development executive, shed some light on Tesla’s design process and the upcoming affordable models. He mentioned that despite facing some last-minute issues typical of any product launch, Tesla is still on track to release new models this year. While the ramp-up might be slightly slower than initially anticipated, there are no major obstacles preventing Tesla from starting production within the expected timeline.
Moravy emphasized Tesla’s commitment to maximizing the utilization of its factories, stating that the design and form factor of the new models are limited by the existing production lines. The focus remains on affordability and low cost of ownership, with the goal of offering vehicles with the lowest monthly payments in the market.
In a recent tweet by TESLARATI, the Model 3 was praised for being a great deal, especially when factoring in the federal tax credit. The tweet sparked a discussion on whether the Model 3 is currently the best-looking Tesla model.
Earlier in January, Tesla’s CFO Vaibhav Taneja hinted at several new product launches scheduled for 2025, including the highly anticipated affordable vehicles often referred to as the “Model 2” or “Model Q” by the EV community. Investors and supporters have been eagerly awaiting news about these new models, hoping for positive catalysts that could boost Tesla’s stock performance.
Speculation about the “Model 2” has been circulating for some time, with many considering it a potential game-changer for Tesla. The main questions surrounding the “Model 2” revolve around its design and pricing. According to Moravy, the design of the “Model 2” will be heavily influenced by Tesla’s existing assembly lines and supply chain infrastructure.
As Tesla continues to innovate and expand its product lineup, the anticipation for the unveiling of the “Model 2” and other next-gen EV designs continues to grow among investors and enthusiasts alike. The focus on affordability and sustainability remains at the core of Tesla’s mission, driving the company’s efforts to revolutionize the automotive industry.