Tesla's Next-Gen Model: Specs and Pricing Revealed
Tesla has recently provided exciting updates regarding its upcoming next-generation model, often referred to as the "Model 2" or "Model Q." This new vehicle, internally known as Redwood, aims to capture the affordable electric vehicle market with a target price range of $25,000 to $30,000. Key details about its specifications and pricing were unveiled during an investor conference, sparking interest among Tesla enthusiasts and potential buyers alike.
Key Takeaways
Tesla's next-gen model, internally called Redwood, is expected to launch with a price under $30,000.
The vehicle will be approximately 15% smaller and 30% lighter than the Model 3.
Two variants will be available: a single-motor RWD and a Long-Range Dual-Motor AWD.
Production is anticipated to begin around June 2025, with a target of 10,000 units per week.
Launch Plans and Pricing
During the recent investor conference hosted by Deutsche Bank, Travis Axelrod, Tesla’s Head of Investor Relations, confirmed plans for the new model's launch. The vehicle is expected to have a post-subsidy price of under $30,000, making it significantly more affordable than the current Model 3, which starts at $42,490 in the U.S.
Model Variant | Motors | Battery Size | Estimated Range |
|---|---|---|---|
RWD | 1 | 53 kWh (LFP) | 310 miles (500 km)? |
AWD | 2 | 75 kWh (LFP) | TBD |
Specifications Overview
The next-gen model is designed to be compact and lightweight, measuring approximately 3,988mm (157 inches) in length, making it comparable to the Mini. The vehicle will feature a smaller battery to align with its reduced size while aiming to maintain a competitive range.
Battery Options:
Range: The RWD version is projected to achieve a range of up to 310 miles on a single charge, although the exact range for the AWD variant remains unspecified.
Production and Future Plans
Tesla plans to ramp up production of the next-gen model to approximately 10,000 units per week globally, equating to about 500,000 vehicles annually. The production will utilize existing assembly lines with minimal modifications, ensuring a smoother transition into mass production.
In addition to the next-gen model, Tesla is also working on Project Juniper, which involves a refresh of the Model Y. This updated model is expected to feature a return to a 7-seat, 3-row format, particularly for the Chinese market, with production already underway at Giga Shanghai.
Conclusion
With the upcoming next-gen model, Tesla is poised to make electric vehicles more accessible to a broader audience. The combination of an attractive price point, innovative specifications, and a commitment to production efficiency positions Tesla to maintain its leadership in the electric vehicle market. As the launch date approaches, anticipation continues to build among consumers and investors alike.
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