We have exciting news for you for this holiday season as it looks like Tesla is in a jolly mood. Tesla is going to launch the much-awaited cheaper more affordable Tesla in early 2025.
Wait what? Do we have an official launch date or Elon Musk is toying with us again using rumors or hidden message riddles?
The source is legit as it is revealed by Travis Axelrod, Tesla’s Head of Investor Relations at Deutsche Bank’s investor conference.
When are we finally going to see the launch of the most accessible vehicle in Tesla’s lineup? Relax, we have all the answers for you, read on!
Tesla Model Q: What We Know So Far?
A Cheaper Tesla, the Tesla Model Q, is an entry-level EV that is apparently going to debut soon. Tesla’s Head of Investor Relations himself shared the news at an investor meeting.
While rumors for a smaller and affordable Tesla often called Model 2 or by the name of Model Q have swirled for years now. The latest report from China finally gives some weight to all the hype surrounding the cheaper entry-level EV.
Tesla is all set to launch the Model Q, in the first half of next year according to a leading China technology news website CNMO. This is not all the news also states that Tesla is going to launch a newer version of the existing Teslas as well. This could be a big step toward Tesla’s ultimate vision of launching EVs in every category.
The reaction to the news came instantly as the whole internet started reacting crazily to the news. However, almost all seem concerned if it is indeed legit news and some were concerned it is illegal to disclose such confidential information to media.
One Reddit user prompted to react to the news came up with an apt reply, to sum up the netizen’s reaction saying the news almost is 100% fake.
Comment
byu/HH0R1Z0N from discussion
inelectricvehicles
Cheaper Tesla Codename “Redwood” Confirmed
The report claims Tesla’s affordable EV will be called the Model Q, but this name has mostly been a joke about Tesla’s short-sellers rather than an official choice. The affordable Tesla is often called by its codename Redwood among tech media. While Elon Musk is known for turning memes into reality, there’s no confirmation on the name yet.
The Model Q will be built on a new, cost-effective platform designed to bring down the cost and cater to a wider audience. Lower production costs and a focus on accommodating a wider audience could accelerate Tesla’s sales.
The Model Q is expected to cost between $25,000 and $30,000 after subsidies, similar to what Elon Musk mentioned about the Cybercab during Tesla’s Q3 earnings call.
Compact And Cost-Effective
Internally codenamed “Redwood,” the Tesla Model Q is designed specifically to appeal to budget-conscious buyers who are looking for a hallmark quality EV.
At 3,988 mm in length, the Model Q is approximately 15% smaller than the Model 3, making it an ideal compact option for city driving. This smaller size brings a 30% decrease in weight, resulting in greater efficiency and reduced production costs.
Tesla plans to build the Model Q on a new platform, bringing manufacturing costs to approximately half of the Model 3. Probably making it with as minimal approach as possible to bring down the overall costs. We do not have the official confirmation on the launch news from Tesla but the news soon spiked Tesla stock price close to $400.
🚨NEWS: $TSLA Affordable Model Q: Reportedly Launching Under $30K in 2025
According to reports shared during a Deutsche Bank investor conference by Tesla’s Investor Relations head, Travis Axelrod, the company plans to release this entry-level electric vehicle in the first half… pic.twitter.com/UzZzvM7nfx
— Herbert Ong (@herbertong) December 9, 2024
Performance and Range
- Battery: The Model Q will be available in two battery configurations-53 kWh and 75 kWh lithium iron phosphate (LFP) options.
- EPA-rated range: The top-tier 75 kWh variant boasts a remarkable range of up to 500 kilometers (310 miles) on a single charge.
- Powertrain configurations: Buyers can choose between a single-motor (rear-wheel drive) and dual-motor (all-wheel drive) setup, catering to different driving preferences.
This versatile offering aligns Tesla with competitors like the Volkswagen ID.3 and BYD Dolphin but with a clear edge in pricing, technology, and performance.
Expanding Tesla’s Global Footprint
Tesla is still behind in the entry-level EV game compared to leading automakers. Tesla Model Q could bring a long-awaited positioning of the brand in the entry-level segment like BYD.
With production in Shanghai, its price in China could drop to RMB 140,000 (around USD 19,000), making it a strong player in the world’s largest EV market. The Model Q is part of Tesla’s plan to boost sales by 20-30% by 2025.
Tesla also plans to launch other models, like a larger, three-row version of the Model Y for the Chinese market.
Bottomline
Several news reports from Chinese social media platforms claim Tesla discussed the “Model Q,” with Deutsche Bank investors. However, the details largely are still grey as many are considering it to be a repeat of existing rumors.
We have little new information from the official Tesla releases and Elon Musk’s social media updates on X. Amidst robotaxi and Cyberrtuck, the Model Q is still lingering in a queue(pun intended) somewhere we think!! What are your views about the report’s credibility and Model Q launch?
