"Tesla's $25K 'Model 2' Production and Musk's Warning to Workers"
Tesla's next-generation low-cost vehicle, the 'Model 2,' is set to arrive in 2025 with a price range of $25,000 to $30,000, featuring a new manufacturing process dubbed Tesla 3.0. However, General Motors plans to introduce its own affordable competitor, a new Chevrolet Bolt on the Ultium platform, in 2025, potentially beating Tesla to market. Both companies are aiming to reduce costs and offer truly low-cost electric vehicles, but Tesla's reputation and brand image may give it a competitive advantage.