Tesla $25,000 Low-Cost Electric Vehicle Project
Sector: Automotive • Location: United States
Source: Union Leader
Tesla planned an all-new $25,000 electric vehicle, often referred to as the Model 2, designed to be a low-cost, mass-market EV built from scratch on a new platform. The project was intended to drive explosive vehicle sales growth and incorporate groundbreaking manufacturing innovations to lower costs. However, the project was canceled by Elon Musk, despite public denial, and Tesla shifted focus to
- Status
- Closed
- Sector
- Automotive, Manufacturing (Industrial), Electric Vehicles (EVs)
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- Union Leader
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Project Information
Participants
| Not available for this record. |
Status
Original status | cancelled |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Tesla planned an all-new $25,000 electric vehicle, often referred to as the Model 2, designed to be a low-cost, mass-market EV built from scratch on a new platform. The project was intended to drive explosive vehicle sales growth and incorporate groundbreaking manufacturing innovations to lower costs. However, the project was canceled by Elon Musk, despite public denial, and Tesla shifted focus to self-driving robotaxis and stripped-down versions of existing models instead. |
Original sector | Transportation |
Budget |
Location
Country | United States of America (USA) |
Source
Source | Union Leader |
URL |
More Details
Record type | Project |
Sector | Automotive, Manufacturing (Industrial), Electric Vehicles (EVs) |
Article published date | 2025-06-04 |
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