San Francisco, Jan 02 (UiTV/IANS) – Elon Musk-owned electric vehicle company Tesla is expected to unveil its $25,000 Model 2 car in 2024, the media reported.
TSLA analysts at Loup Ventures predict that the Model 2 will be released in 2024, reports Teslarati.
“Tesla will wait until 2024 to announce Model 2,” Loup Ventures stated in its 2022 Predictions letter.
“If the company announces the lower-price[d] car too early, they risk slowing sales of Model 3 while ramping capacity during what is likely to be a broader auto recession,” it mentioned.
Moreover, it is also expected that Tesla’s Model 2 preview will be released in early 2024, and production will begin in mid-2025, according to the report.
Additionally, the Model 2 will likely be either a compact car or a subcompact vehicle, which is a popular design in Europe and Asia, the report added.
Meanwhile, Tesla has also announced the upcoming launch of Model S and Model X in China, with pricing to be revealed on Friday and deliveries in the first half of this year.
Since the automaker halted production in January of 2021 to revamp the cars, the Model S and Model X have not arrived in China, reports Electrek.
“The two performance monsters will officially announce the price on January 6. The deliveries start in the first half of 2023,” the company said in a statement.
Tesla announces to launch Model S, X in China
![Tesla Model S](https://www.uitvconnect.com/wp-content/uploads/2023/01/3edd458309e39571ce8252502276cbec-300x225.jpg)
Elon Musk-run Tesla has announced the upcoming launch of Model S and Model X in China, with pricing to be revealed on Friday and deliveries in the first half of this year.
Since the automaker halted production in January of 2021 to revamp the cars, the Model S and Model X have not arrived in China, reports Electrek.
“The two performance monsters will officially announce the price on January 6. The deliveries start in the first half of 2023,” the company said in a statement.
There were over 30,000 Model S and Model X vehicles in China by the end of 2020.
“The Chinese market was once an important one for Model S and Model X before Tesla cut off the supply from its Fremont factory in California,” the report said.
In October 2022, there were indications that the Model S and Model X were coming back to China as they appeared in Chinese government filings mentioning that the vehicles would be eligible for tax exemptions.