In a groundbreaking announcement that could reshape the electric vehicle landscape, Tesla has unveiled plans for a new model, tentatively dubbed the Model 2, priced at an astonishingly low $15,990. Elon Musk confirmed at a recent event that while the Model 2 name hasn’t been officially adopted, the vehicle is set to open for orders next month, with production ramping up to an ambitious 5 million units annually. This is not merely a concept; Tesla is already testing 537 pre-production units in Texas, aiming for initial customer deliveries by December 2025.

The Model 2 is designed to be a game-changer, targeting a market that has long awaited an affordable Tesla. Initial deliveries will focus on key U.S. markets, including New York, Los Angeles, Texas, and Florida, with global production starting in Europe by March 2026. Reservations are expected to flood in, with Tesla forecasting 535,000 within the first 24 hours, potentially doubling the record set by the Model 3.

However, buyers should be prepared for significant trade-offs. The Model 2 will feature a ᵴtriƥped-down design, sacrificing some luxury elements to achieve its low price point. Key components like the panoramic roof and advanced audio systems are being eliminated to keep costs down, while a smaller battery will limit range to around 250 miles. This model is not just about affordability; it’s a strategic move for Tesla to reclaim market share against rising competition from cheaper EVs.

With a focus on quality, Tesla is implementing a stringent 4,786-point checklist to ensure reliability, a lesson learned from past launches. As anticipation builds, the question remains: will the Model 2 truly deliver on its promise of affordability and performance? With the countdown to reservations underway, the electric vehicle community is on the edge of its seat, ready to see if this bold move will redefine the entry-level EV market.