The Tesla Model Y may be the best-selling car-shaped vehicle in the world right now, but the brand itself is not in the clear. Buyers are thirsty for reasonably priced EVs. Elon Musk has confirmed that the brand plans on meeting that demand with a $25,000 EV, a car that some on social media are calling the Model 2. However, an analysis from the investment banking firm Evercore, asserts that the brand likely won’t be able to deliver the car in substantial volume until at least 2027.
According to Bloomberg, the report is a bit more articulate than a simple yes or no. The team of Evercore analysts responsible, led by Chris McNally, asserts that the brand could officially start production on the model in late 2025. But, he doesn’t see Tesla Tesla meeting its goal of 1 million units of the Model 2 in 2026 as realistic. The ramp-up to satiate demand and get the factories that would produce the Model 2 online will take a whil