Tesla is reportedly preparing for the upcoming launch of the Model Q, a compact and affordable EV slated for release in the first half of 2025, offering Tesla’s signature design and technology at a price point designed to attract a broader audience.
The Model Q was announced by Tesla’s Investor Relations head Travis Axelrod during a recent investor call with Deutsche Bank, according to a report from GlobalChinaEV. During that call it was reportedly said the Model Q will debut with a base price under $30,000 (C$42,300) in the United States after subsidies, with a potential starting price as low as $25,000 (C$35,300). In China, local production could push prices even lower, with estimates suggesting a starting price of approximately ¥140,000 (C$27,200/US$19,200).
The report goes on to state that the Model Q, known internally as “Redwood,” will be built on Tesla’s next-generation platform, offering significant improvements in efficiency and affordability. The vehicle will be 15% smaller and 30% lighter than the Model 3, with an overall length of approximately 3,988 mm, making it Tesla’s most compact car yet.
For comparison, the Model 3 has a length of 4,694 mm.
On the manufacturing side, costs are expected to be roughly half those of the Model 3, thanks to advancements in production techniques and materials. The vehicle will utilize a lithium iron phosphate (LFP) battery, available in two configurations, 53 kWh and 75 kWh, supporting both single and dual-motor (RWD and AWD) variants.
This setup will deliver an estimated range of 500 kilometers (310 miles) of range, a notable figure at this price point.
If the report is accurate, which given the complexity of the details provided in it could very well be accurate, the Model Q is likely one of the two more affordable models Tesla has already promised to release in 2025. According to Tesla’s most recent update on these new vehicles, which came in the Q3 2024 shareholder deck, they will be built around its current vehicle platforms and the next-generation platform.
This strategy will enable the company to produce these vehicles on the same production lines as its current models, enhancing efficiency and reducing costs, which would ultimately allow for a more competitive price point.
