Tesla is poised to unveil its highly anticipated Model 2, priced at $24,990, at a major event in just 15 days, as confirmed by CEO Elon Musk. This compact crossover, a scaled-down version of the Model Y, is designed to cater to urban drivers seeking affordability without sacrificing performance. The Model 2 is expected to offer an impressive range of approximately 300 miles, thanks to its innovative battery technology, which significantly reduces production costs.
Despite initial skepticism regarding its release, the Model 2 is seen as a strategic move for Tesla amidst a significant drop in revenue. Production will commence at Giga Shanghai, allowing Tesla to optimize costs and respond to the growing demand for budget-friendly electric vehicles, particularly in competitive markets like China and Europe. As the countdown to the Model 2’s debut begins, potential buyers are advised to reconsider purchasing the more expensive Model 3 or Model Y, as the new model promises to deliver superior value.