Tesla Low-Cost Electric Vehicle Project
Sector: Automotive • Location: Beverly Hills, California, USA
Source: The Globe and Mail
Tesla planned to build a new low-cost electric vehicle priced at US$25,000, referred to by investors as the Model 2. The project was intended to be an all-new model designed and built from scratch on a new platform, featuring groundbreaking manufacturing innovations to lower costs. However, the project was cancelled by Tesla, with the company pivoting focus to self-driving robotaxis. Instead, Tesl
- Status
- Closed
- Sector
- Automotive, Manufacturing (Industrial), Electric Vehicles (EVs)
- Location
- Beverly Hills, California, United States of America
- Updated
- 22 Jul 2026
- Source
- The Globe and Mail
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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 to build a new low-cost electric vehicle priced at US$25,000, referred to by investors as the Model 2. The project was intended to be an all-new model designed and built from scratch on a new platform, featuring groundbreaking manufacturing innovations to lower costs. However, the project was cancelled by Tesla, with the company pivoting focus to self-driving robotaxis. Instead, Tesla is working on stripped-down versions of existing models, the Model 3 sedan and Model Y compact SUV, with these affordable models delayed and no pricing announced yet. |
Original sector | Automotive |
Budget |
Location
Country | United States of America (USA) |
State | California |
City | Beverly Hills |
Source
Source | The Globe and Mail |
URL |
More Details
Record type | Project |
Sector | Automotive, Manufacturing (Industrial), Electric Vehicles (EVs) |
Article published date | 2025-06-04 |
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