Another eagerly awaited car will be a small electric car, possibly named “.” Tesla CEO Elon Musk promised that a cheaper car to sit below the Model 3 would arrive in three years. That was in 2020. But in October 2021, Tesla vice president Lars Morav is said that the company would not add new vehicles while battery cells were constrained.
Reuters reports that the Model 2 is the car that longer-term investors are keen on. According to Gene Munster, managing partner at venture capital firm Loup Ventures, without a cheaper model in the lineup, Tesla would not be able to grow volume by 50% every year. Note: The lead image is a speculative illustration for a compact Tesla model made by Jean Francois Hubert/SB-Medien for CarScoops that is neither related to nor endorsed by Tesla.