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 initially cancelled by Elon Musk in 2024, but he publicly denied the cancellation, causing confusion among Tesla executives. Instead of an all-new model, Tesla is working on stripped-down versions of the Model 3 and Model Y, with rollout delayed to the first half of
- Status
- Failure
- Sector
- Automotive, 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 | Delayed |
Taiyo status | Failure |
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 initially cancelled by Elon Musk in 2024, but he publicly denied the cancellation, causing confusion among Tesla executives. Instead of an all-new model, Tesla is working on stripped-down versions of the Model 3 and Model Y, with rollout delayed to the first half of 2025. |
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, Electric Vehicles (EVs) |
Article published date | 2025-06-04 |
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