finally a smaller less expensive Tesla Model 2 that costs half as much as the platform for the
model 3 as under development during the quarterly earnings call Elon Musk hinted that the cheapest
electric car type Tesla is currently working on would be mass produced in quantities that
would surpass all of Tesla's other vehicles combined it will be constructed on a brand new
platform that will be available soon and will be half as expensive as the model 3 and the y1
the model 3 and model y have seen tremendous sales success for Tesla but both cars are prohibitively
expensive the only Tesla that costs less than sixty two thousand dollars right now is the rear
wheel drive model 3 which starts at roughly forty seven thousand dollars that might be about to
change according to reports and let's take a look at this cheapest Tesla car ever hello everyone and
welcome back to Elon Musk Evolution where we bring you the most recent news about Elon Musk in his
multi-billion dollar companies space news and the latest science and technology but before we begin
make sure you subscribe to our Channel and click the Bell icon so you don't miss out on any of our
amazing videos Tesla is finally starting the quest to build the sub thirty thousand dollar electric
car it has been promising for a while after putting the long teased affordable Tesla Model on
the back burner to complete the development of the Cyber truck electric pickup in a semi-long-haul
vehicle Elon Musk had initially promised a 25 thousand dollars R but supply chain issues and
inflation set in Elon Musk suggested on the most recent earnings call that the most affordable
Tesla will be constructed on a new platform that aims to cut production costs by half compared
to the model 3. since the model 3 is now the most affordable Tesla the model 2 or whatever its name
is would need to start in the 25 to 30 000 bracket to have a chance of being adopted by the mass
Market Elon Musk hinted obviously we're going to take everything we learned from s x 3 Y cybertruck
and semi into that platform and added that Tesla is on a two-for-one objective implying that it
will be attempting to half the costs associated with manufacturing a vehicle on the new platform
the CEO of Tesla cautioned that the rumored model 2 will be smaller to be clear but that it would
be the EV innovator's first mass Market vehicle and would likely outsell all of Tesla's other
vehicles combined these claims align with what Martin Vieja director of investor relations at
says stated in a recent interview he asserts that the company's overarching objectives for
the upcoming five years or to lower manufacturing costs by moving the majority of its production to
the more productive gigafactories in Texas or Berlin and to ensure a steady supply of
batteries both of which he believes it's already accomplished however this time around Tesla will
face strong rivals in addition to Volkswagen on the road to widespread EV adoption former Tesla
board member Steve Westley claimed in an interview with CNBC that byd is now Tesla's main rival byd
is expected to create a million electric vehicles this year and already sells the thirty thousand
dollar seal sedan which has features that are better than those of the model 3. while both Neo
and byd are now sold in the west the Chinese EV Behemoth Neo has also started working on
creating a sub-brand for less expensive under 25 000 electric vehicles in order for Tesla to meet
its final model 2 development and launch timeline by 2027 it will need to move quickly Honda 2 plans
to release many EV cars under thirty thousand dollars in the upcoming five years when it is
done analyzing how to cut prices in half with a new platform for the low-cost Mass Market Tesla
the market may be in a whole different league and now let's take a look at everything we know about
the most anticipated Tesla Model 2. the name model 2 which denotes its lower positioning is
predicted to be given to the new vehicle according to several internet rumors despite the fact that
the car's design hasn't changed we can safely anticipate that it will be stunning giving Tesla's
track record when you consider that the model 2 will likely cost approximately twenty five
thousand dollars and that you will have access to the entire Tesla Suite of Technologies as well as
the supercharger Network it's a great deal here's a quick overview of all we currently know about
Tesla's most affordable vehicle the model 2 even though the complete list of specifications is yet
unknown in addition to the 400 to 500 miles of range in its top spec version the model
2 is likely to come standard with FSD it will however come in a base model with battery pack
that is considerably less powerful than those used in electric vehicles today the Tesla Model
2 will undoubtedly have something unique beneath its Hood given how rapidly Battery Technology is
developing in comparison to the 2019 Tesla Model 3 long range which has a slightly smaller 72 and
a half kilowatt hour battery pack with a maximum range of 322 miles the Tesla Model S is a top
range of around 265 miles so it isn't crazy to anticipate the same from a smaller Tesla Model
2. one of the greatest battery cells in the world already comes from Tesla and Tesla is well on its
way to surpass itself with a recent collaboration with catl a leader in Battery Technology it would
be reasonable to argue that the model 2 might as well succeed in a market where hatchbacks often
wither and die if Tesla were to equip it with a rumored specifications the company is working
on a brand new battery solution that would likely be safer and slightly more affordable
to produce the number of pieces will be decreased by the cell pack structural role in the chassis
the vehicle's performance is another important aspect to take into account especially given its
lower price although the model 2 might not have the same all-wheel drive monster launches as its
other siblings it claims to be faster than the typical affordable hatchback from Top automakers
although it will be conceived and developed in Germany reports have also claimed that Tesla will
assemble this new vehicle exclusively in China the production capacity of the company's Shanghai
facility may be dwarfed by the gigafactory that's currently building in Germany Tesla boaters future
was hinted in a comment made by Elon Musk musk the founder of Tesla announced that his company would
create a design and engineering center to design an original car in China for worldwide consumption
Tesla's claimed to think that every course sold on a continent should be produced on that continent
which is in sharp contrast to the speculations that a new model will only be produced in China
for instance Tesla will only sell the model 3 and model y made in China at the Shanghai gigafactory
in that country on the other hand the suspense go goes on any day now we should see the release
of the eagerly anticipated full self-driving beta version 10.69.3 you have seen that before
yes while some may find it irritating it should serve as evidence of how crucial this upgrade
is to Tesla Elon Musk has already expressed his trust in the update in his conviction that FSD is
a safer alternative to human drivers during the third quarter earnings call musk also disclose
that before the year is through every FSD user in the United States in Canada will have access
to the program this indicates that the number of FSD vehicles on the road will soon increase
Tesla must thoroughly examine everything because Regulators are actively monitoring the initiative
musk responded on Twitter to a question about the release date of FSD by saying next week
it's actually a huge release so a lot more internal testing is needed before going to
public beta most likely people are confused by the decimals updates with two decimal places or
more typically tiny fixes for annoying issues or a way to access a few minor improvements this update
May may be more suited to be a new number like 11 given the extensive array of tweets sent by Tesla
CEO promising big developments musk stated earlier this month on Twitter that 10.69.3 will actually
be a huge upgrade we're keeping 0.69 simply because he he a major update was anticipated by
many observers immediately after September 30th AI day 2022 unfortunately Optimus the humanoid robot
received more attention than FSD improvements but it was nonetheless impressive for the autopilot
software and the technical staff working behind the scenes the car's FSD beta software should be
able to navigate from parking lots of parking lot City street driving stopping for traffic
lights and stop signs negotiating with obstacles at intersections making turns and more according
to Tesla's director of the autopilot program Ashok aluswamy since then as the tweets have
piled up FSD beta 10.69.3 has been anxiously anticipated every week during the most recent
earnings call musk emphasize the enhancements of the upcoming FSD once again he is preparing
to take on authorities and assert that this program will make roads safer because he's
confident that Tesla is well on its way to being fully autonomous and that ends today's episode we
hope you enjoyed our video what do you think of the incoming Tesla Model 2 will it be worth it
let us know your thoughts in the comments below and don't forget to subscribe thanks for watching