The Model 2 will have a much smaller battery than the Model 3, but it will still be competitive with the likes of the ID.3 and Kia Niro EV – this likely means a capacity of around 50kWh. In terms of range, a figure of around 250 miles seems likely. Tesla is known for its high-performance electric motors – the least powerful Model 3 still has nearly 300hp – so the Model 2 should be quite a bit more powerful than the ID.3 and Nissan Leaf. Tesla snagged the top four spots on s 2023 list of the top 10 most made-in-America vehicles. Tesla Model Y vehicles sit on the lot for sale at a Tesla store on May 31 in Austin, Texas. We would expect the Model 2 to be rear-wheel drive, perhaps with more expensive all-wheel-drive Dual Motor versions like the Model 3. Share on facebook (opens in new window) Share on twitter (opens in new window). Other weight-saving measures may include the use of wireless networks to reduce the size of the wiring loom. ![]() They'll feature fewer parts and will be part of the car's structure to reduce weight. Tesla is also developing new batteries that are said to be 35% smaller than existing packs, yet offer 16% more range. The company has since revealed that it is developing a new electric motor that uses no rare-earth materials and should only cost $1,000 per car. Musk has previously said that Tesla is aiming to build two of these cars for the cost of building one Model 3. The Tesla Model 2 may sit on a brand-new platform, with the emphasis on reducing the cost of production. The $25,000 price mentioned could relate to a version like this – UK buyers might be looking at more like £30,000. It may start out as a cheaper, lower-range model for China and other countries, before being ramped up for other markets including the UK. After all, that’s half the price of the cheapest new Model 3, and about the same price as a mid-spec Ford Fiesta.Īs for its release date, we expect it’ll be launched in certain countries in 2025. If past announcements are anything to go by, that impressive price – the equivalent of under £21,000 – might not happen. Tesla boss Elon Musk has previously said it was working on a mass-market $25,000 car to sit below the Model 3. If and when it does reach our shores, it will rival everything from the Volkswagen ID.3 to the Peugeot e-208 and even the Vauxhall Corsa Electric. It might be called the Tesla Model 2, but a name hasn't been confirmed yet. ![]() While we didn't see anything as exciting as a new product launch, the US carmaker did provide a few technical details that will feature on the new model. It was rumoured that Tesla's Investor Day on 1 March would include the reveal of a much-anticipated compact electric hatchback said to start from around $25,000.
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