Tesla is reportedly planning an affordable compact car, dubbed the Model Q. According to internal sources, this new model could potentially enter production in the second half of 2025, offering a more accessible entry point to the Tesla brand. While the exact price point remains unconfirmed, industry analysts speculate it could fall under $25,000 USD, significantly lower than the current Model 3's starting price.
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The report also indicates that Tesla is actively developing new factory locations to support the increased production needed for the Model Q and other upcoming vehicle projects. Furthermore, the company is exploring the possibility of a new, larger vehicle, potentially a van or a larger SUV. Specific details regarding production timelines and design concepts for these other vehicles are still under wraps.
The new model Q would make Tesla the first automotive company to build a car that is not only affordable but also has the technology to become completely autonomous, which will set the company apart from its competitors. The company plans to release more details regarding the new vehicle and how it will contribute to the sustainability of the brand in the near future.
Source: forbes
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