ALBAWABA - Several rumors have emerged about the possibility that Tesla would launch a brand-new electric car in 2025 that is expected to be priced competitively dubbed the Model Q.
With a price tag of less than $30,000, the automobile is anticipated to appeal to a wider range of consumers, which will ultimately assist Tesla move less distant to its objective of increasing its market share.
It is believed that Travis Axelrod, Tesla's Head of Investor Relations, confirmed the plans at a meeting with investors at Deutsche Bank, according to Wall Street CN.
The planned Model Q, allegedly codenamed “Project Redwood,” is anticipated to debut in the first half of 2025, according to the Chinese media, with a focus on affordability and usability, it would be less expensive, lighter, and smaller than Tesla's Model 3.
The Model Q is expected to include a lithium iron phosphate (LFP) battery pack that comes in 53 kWh and 75 kWh capacities. It is also said to be 15% smaller and 30% lighter than the Model 3. Both single and dual-motor versions will likely be available, catering to a variety of customers looking for price without sacrificing performance.
The Model Q would compete with competitors like the BYD Dolphin and Volkswagen ID.3 at a price range around $30,000. The car could also include capabilities that facilitate autonomous driving, a key element of Tesla's long-term plan.
Additionally, reports suggest that Tesla could release more models in response to consumer demand. These may include three-row, long-wheelbase Model Y and self-driving taxi service in California and Texas by 2025, Car Scoops report.
