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The new $25,000 Tesla “Model 2” compact hatchback could be even more affordable when it hits the US.
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In Elon Musk’s master plan for Tesla it includes a list of the company’s main goals, which in part one was to create a low volume, expensive car, then use that money to create a medium volume car at a lower price, then use that money to create a more affordable, high volume car. He then went on to say their goal has always been to make a truly affordable electric vehicle and said they could probably make a fully autonomous $25,000 Tesla about 3 years from now which at the time would be referring to September 2023. This was confirmed just last month when there was an official government report from the Tesla Shanghai Gigafactory that showed Tesla is indeed planning to add a new cheaper model that will be designed and produced at the Shanghai facility as soon as 2022. Jumping into the potential timeline of the new Tesla Model 2, last week Tesla China’s president, Tom Zhu, confirmed in an interview with a Chinese media outlet that the upcoming $25,000 Tesla car will be designed with China in mind but sold globally. Obviously there is no confirmed timeline, but based on what we’ve heard from the official Tesla China division we do know they are for sure developing a new compact hatchback model that will cost around $25,000 US and will most likely be slightly smaller than the Model 3. If and when the new Tesla Model does make it to the US it can possibly have an even cheaper price tag of around $19,000 for some customers if the new EV tax credit bill gets passed. If we assume some year over year growth on Tesla’s US sales let’s be conservative and guesstimate that if the Green Act does get approved then Tesla may very well have the $7,000 tax credit for an entire calendar year to cover 400,000 vehicles sold in the US. Here’s where our optimistic hat comes into play: If the bill does get passed later this year and if the Tesla Model 2 timeline somehow matches the rumor and is ahead of schedule, then it could be possible to buy the upcoming $25,000 Tesla Model 2 in the US and get a $7,000 tax credit to bring the cost down to $19,200 after factoring in Tesla’s required documentation and delivery fee which is currently $1200. If it does happen that means you could get a new Tesla for under $20,000 and it would be a huge success and giant smack down to gasoline vehicles, especially when it’s competing with other similar compact hatchbacks like the Toyota Corolla hatchback which are around that same price range. Even if the $7,000 tax credit doesn’t get passed or it’s gone but the time the Model 2 comes to the US, the Model 2 will still fill a big gap in the compact hatchback market where the Toyota Yaris and Honda Fit have been discontinued. You’ll of course need to pay more for the extras like full self driving or another paint color, but at the end of the day the base Model 2 is still a Tesla at its core and will still have the unmatched drive train, battery efficiency, and the high safety standards that Tesla prioritizes in all their vehicles.
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Game over for gas, no.
lmfao only 215 miles and what if we want a SUV style vehicle? that's a shame.
We're going to be buying electric cars made in China in exchange for gas
cars made in the USA. Rather then using gas we will use coal to charge
our electric cars. Not a good deal for Americans. The only way they can
make these cars cheap enough is to make them in communist China.
Game over for gas? That’s an incredible statement. Shows a lack of understanding and common sense.
This video is 8 months old. Get some new content. Geeze
Are they talking about the China that plans on further building up their ICBM numbers to 1000 nuclear warhead missiles? Are they talking about the China that wants to take over Taiwan by force or the China that invaded Tibet? Are they talking about the China that deals in trafficking of human body parts? Are they talking about the China that is or has built 25 new warships? Could they be talking about the China that is one of the biggest human rights abusers? Is this the China that just tested a first strike hypersonic missile? No need to go on. Stop the madness, lessen the danger ….do your part by boycotting Made in Communist China…..and that includes Tesla's communist cars and batteries.
It will be very stripped down.
I'll buy one eventually. I'll be happy with a Plain Jane with no extras.
USA we're #1! Our richest and best make sure to outsource all of their labor for their factories to other countries. Yeah we're #1 all right
where i can buy
It wouldn't even be a car. It would be a taxi basically. Everywhere you want to go you would have to type in directions. Imagine going to the store
I plan on trading in my Model 3 next year for a new Model 2, as it will be 3 years old by then with about 35,000 miles on it. Give it a few more years, and there will be batteries without a need for lithium, and that will be more of a plus. Notice, it's the DEMOCRATS who want to give people incentives to buy electric cars, not RethugliKKKlans!
How is an electric car a move to "sustainable" energy. They are powered by coal and natural gas, some nuclear, and only a very little wind.
my prius has a range of 450 miles under $20k used. that's where tesla needs to be before i consider it
If Elon can tab into that market segment in China, that would be awesome. Currently I can buy an EV for as low as US$4.6k which can go 80 km max distance. It's enough to get me to work and charge it at the office while I am working, normally for 8 hours a day. And most of our car parks have chargers now anyway. So if Tesla has a 19k solution, that will work too as the Tesla Charging stations are prestige and normally they are emptied quickly. We will see….
No longer trustworthy. They also said a low priced Tesla 3, but it never happened.
LOL……..no.
You better hope the Green Act doesn't pass!
That $7000 credit will not work on Tesla…The manufacturering company has to have unions working for them…and Tesla Don not believe in Unions in their work force…
I live in Canada, my friends Tesla loses over 100 km of range in colder weather. In my opinion a electric needs 800- 1000 kms to replace gas cars. Trucks are a not even close, needing a 10 ton battery to move 10 tons of goods is not economic.
Closer. The true gas killer will cost $25000 and get 500 mile range (300 miles in freezing weather). It is coming but that is probably still 10 years in the future.
I'll get my Dad to buy me one
It might work in the US but not where I live in Australia. You're probably talking $50000 here without any subsidies plus tax. I bought a low milage Yaris last year for $11000. I like the idea of electric provided the price is right but I doubt the price will be right any time soon.
And then there's the issue of emissions. Electric cars seem like a great idea given global warming but our generation is pretty much all coal. And it's mostly coal because we have a lot of it and not much else for base load.
What is next, Boat!?
stop the fake news that Tesla can’t ever produce $30k car and how it can ever make $19k car. it can never happens so don’t throwing fake news around.
I want a tesla model 1 that cost $800
Complete BS. Same old game. Get subsidies approved by government, inflate price, swallow the whole benefit but make consumer (common citizens, working on minimum wage) feel good about price and government doing something for them but businessman turning it to corporate welfare check under the nose, in broad day light and go laughing to the bank.
Oh yea I remember when the model 3 was suppose to be 30,000 righttttttt.
lol it will NEVER be game over for gas. Sorry
Fuck electric cars gas and electric cars are good
Yes, I love when my tax paying neighbors pay for my car. Totally agree with your logical thinking.
$7000 tax credit does not equal cash savings from price…it would be whatever bracket you are in X 7000…so the top earner would save 35% of 7000 and so on
Hope it would be 4×4 aswell
So in just under 10 minutes you shared no info