Elon Musk-owned electric vehicle company Tesla is expected to unveil its $25,000 Model 2 car in 2024, the media reported.
TSLA analysts at Loup Ventures predict that the Model 2 will be released in 2024, reports Teslarati.
"Tesla will wait until 2024 to announce Model 2," Loup Ventures stated in its 2022 Predictions letter.
"If the company announces the lower-price[d] car too early, they risk slowing sales of Model 3 while ramping capacity during what is likely to be a broader auto recession," it mentioned.
Moreover, it is also expected that Tesla's Model 2 preview will be released in early 2024, and production will begin in mid-2025, according to the report.
Additionally, the Model 2 will likely be either a compact car or a subcompact vehicle, which is a popular design in Europe and Asia, the report added.
Meanwhile, Tesla has also announced the upcoming launch of Model S and Model X in China, with pricing to be revealed on Friday and deliveries in the first half of this year.
Since the automaker halted production in January of 2021 to revamp the cars, the Model S and Model X have not arrived in China, reports Electrek.
"The two performance monsters will officially announce the price on January 6. The deliveries start in the first half of 2023," the company said in a statement.
--IANS
shs/ksk/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app