A new Tesla EV, called the Model Q, is in store for 2025, and it will be priced under $30,000 including incentives, according to Deutsche Bank.
Only a short month and half ago, Tesla CEO Elon Musk told investors that outside of the just-released driverless robotaxi, a regular Tesla model priced at $25,000 would be “pointless” and “silly”.Recommended Videos Call it the art of marketing suspense, but he never said anything about a Tesla model priced under $30,000.
Related “The new Tesla model should launch in , and will be priced under $30,000 including subsidies,” Deutsche Bank analyst Edison Yu wrote in a note. Since the incoming Trump administration is reportedly planning to end the incentive early next year, maybe Musk wasn’t playing with words and numbers when he declined to elaborate about the price of a new affordable Tesla model.
Tesla has been floating the idea of a new affordable model since at least 2020, with many expecting this model to be cheaper than the Model 3. It’s worthy of note, however, that the most basic Model 3 is currently priced at under $30,000, including incentives, on Tesla’s U.S. website.
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