“Ever since Tesla shared a sketch of a small electric hatch last year, rumors have swirled around a sub-Model 3 offering that could allow the EV automaker to challenge the likes of the Nissan Leaf and Chevrolet Bolt. Relatively little has been shared since on the progress of the Model 2, as it has unofficially been dubbed, despite Tesla’s habit of dropping hints about upcoming models for years ahead of launch…. Tesla CEO Elon Musk reconfirmed plans for such a $25,000 vehicle during Battery Day last year, indicating that it would arrive in three years, but has otherwise remained largely silent about the company’s progress on such a model.”
— Jay Ramey
‘Here’s Why a Tesla Model 2 Is a Must for the Company’
(Autoweek, March 1, 2021)
Battery Day Revelations
Are you ready for the cheapest, and perhaps the spunkiest, Tesla yet?
In 2006, Tesla’s CEO and co-founder Elon Musk shared his vision of investing the proceeds from the sale of his premium vehicles toward manufacturing a medium-volume car. Furthermore, he spoke of using the funds thereby accrued to subsidize the development of a high-volume, affordable electric vehicle (EV). In keeping with that objective, Musk hinted at his plans for the “Model 2” on Tesla’s Battery Day in 2020: