Tesla Model Q for less than $30 thousand and 3-row Model Y variant – the company’s plans for 2025

The Deutsche Bank report, prepared after a meeting with Travis Axelrod (Head of Investor Relations at Tesla), reveals some aspects of the company’s product plan for 2025. The most interesting aspect is the company’s intention to launch a new low-cost electric car, the Tesla Model Q, which is due to debut next year.

The new low-cost model was a key topic of discussion during Deutsche Bank’s Autonomous Driving Day in New York. The report describes Tesla’s strategy to introduce several new cars in 2025:

• A new entry-level electric car called the Tesla Model Q is due to hit the market in the first half of 2025. Its price will be less than $30 thousand with subsidies (or $37499 without subsidies).
• In the second half of 2025, Tesla is expected to release additional models aimed at expanding its overall target market. It is believed that one of them is a 3-row Model Y with an extended wheelbase, which is likely to be exclusive to China.
• Tesla plans to build all new models on existing production lines, emphasizing the efficient use of capacity to achieve the planned 20-30% growth in production in 2025.
• Tesla is confident in scaling up its supply from China, but the high level of goals will require flawless execution, especially in North America.
• The company’s plans for a plant in Mexico remain dependent on geopolitical developments and tariff policy under the new Trump administration.

The Tesla Model Q could be a compact electric vehicle similar to a hatchback with crossover features, or even a modified version of the Model 3 or Y. Details remain unknown, but the presentation is expected to take place in the first half of 2025.

The report also confirms rumors of an elongated three-row version of the Model Y designed specifically for Chinese buyers. This version is built on an updated Model Y platform, codenamed Juniper, which will debut next year.

Although Tesla has ambitious plans for sales growth, they may face significant challenges. The possible elimination of the $7,500 federal tax credit by the new Trump administration is likely to have a significant impact on EV sales in the United States. An example is Germany, where Tesla’s sales fell by more than 43% after subsidies were cut in December 2023.

Source: carscoops