All articles tagged with #model 2
Originally Published 7 months ago — by Electrek
Tesla CEO Elon Musk publicly denied a Reuters report that Tesla canceled its $25,000 'Model 2' project, despite knowing it was canceled weeks earlier, causing confusion among executives and potential market implications. The incident highlights Musk's contentious relationship with the media and regulators, and raises concerns about transparency and compliance.
Originally Published 7 months ago — by InsideEVs
Tesla's plans for a $25,000 affordable electric vehicle, often referred to as Model 2, remain uncertain amid internal confusion and conflicting reports, with some executives believing the project has been canceled in favor of focusing on autonomous robotaxis. Meanwhile, legal challenges to Trump's EV policies, China's aggressive price war among EV brands like BYD, and Tesla's potential to regain market share with a low-cost model are key industry developments. The future of Tesla's budget EV remains unclear, but it could significantly impact the company's fortunes.
Originally Published 1 year ago — by TESLARATI
Tesla analyst Dan Ives believes that the focus should be on delivering the Model 2 rather than the Robotaxi, stating that fully autonomous cars may not be viable until 2030. Wedbush Securities emphasizes the importance of more affordable electric vehicles in the current market, with plateauing demand and concerns about EV prices and range anxiety. Elon Musk refuted reports of shelving the $25,000 EV and announced the unveiling of the Tesla Robotaxi, which will be similar to the $25,000 EV but without a steering wheel. Musk estimated that the next-generation vehicle production would start in the second half of 2025 at Giga Texas.
Originally Published 1 year ago — by Investor's Business Daily
Tesla stock experienced volatility after reports of canceling its $25,000 Model 2 in favor of focusing on its robotaxi platform, with CEO Elon Musk denying the claims and announcing the robotaxi unveiling on August 8, leading to speculation and conflicting analyst opinions. Despite recent stock performance and declining earnings estimates, Tesla continues to make progress on its next-generation vehicle and full self-driving technology, with the company's future outlook and market position remaining uncertain.
Originally Published 1 year ago — by Forbes
Elon Musk's recent tweet referencing Tesla's 2016 Master Plan, Part Deux has sparked speculation about the company's focus on autonomous vehicles over low-cost models, with some analysts rethinking the necessity of the rumored $25,000 'Model 2' in light of competition from Chinese electric vehicle makers. While the Model 3 and Model Y are already relatively affordable, Musk has previously hinted at a next-generation low-cost vehicle, but its development may be taking a back seat to the upcoming Robotaxi unveil and a focus on autonomy.
Originally Published 1 year ago — by CleanTechnica
Tesla's long-awaited affordable car, dubbed the "Model 2," is set to enter production in 2025, with the German factory expected to be the first to produce it. The new model, developed under the codename Project Redwood, is crucial for Tesla to maintain its position in the electric car market. The company aims to revolutionize production processes to reduce costs and speed up production times, with the Model 2 likely to feature next-generation powertrain and battery technology. However, past predictions and Elon Musk's tendency to over-promise raise skepticism about the 2025 production start date and the company's ability to compete with Chinese electric car manufacturers.
Originally Published 1 year ago — by Barron's
Tesla is reportedly gearing up to launch a more affordable electric vehicle, aimed at the mass market, with production expected to start in mid-2025. The new model, referred to as the Model 2, is anticipated to be priced in the low-$30,000 range, making it roughly $10,000 cheaper than the cheapest Tesla Model 3. This move is seen as a strategic step to compete with Chinese rival BYD and expand Tesla's market share.
Originally Published 2 years ago — by MarketWatch
Retail investors are eager to hear about Tesla's next vehicle, the "Model 2," expected to cost around $25,000, as the company prepares to report fourth-quarter results. With over 2,000 upvotes, the Model 2 was the top question on Tesla's investor-relations website, reflecting investor interest in the new vehicle's potential to drive growth. Tesla's upcoming earnings call will address questions from retail investors, who are also concerned about the company's official outlook, demand, and profit margins amid recent developments in the electric-vehicle market.
Originally Published 2 years ago — by Yahoo Finance
Tesla's earnings report is highly anticipated as investors look for insight into the company's ability to maintain its 20% gross profit margins amid repeated price cuts and increasing competition from rivals like Ford, General Motors, Xpeng, Nio, and BYD. There is also speculation about a cheaper Model 2 vehicle in development. If Tesla expresses concern about its gross profit margins, the stock could be negatively impacted. The Yahoo Finance team will provide analysis of the earnings call in their 'After the Call' taping.