Summary

  • Tesla is preparing to release a new compact-sized hatchback that will be priced lower than the Model 3, making EVs more attainable for more people.
  • The introduction of the affordable Model 2 will help boost Tesla's sales and increase its market share, attracting first-time EV buyers and increasing brand loyalty.
  • Tesla has the potential to dominate the affordable EV market by combining affordable production costs, energy-efficient motors, low-cost battery packs, and clean interior design. The Model 2 is expected to have a 250-mile range and offer innovative features.