Summary
- Tesla’s "We, Robot" event focused on showcasing autonomy and robots
- Gene Munster suggested that Tesla did not discuss the Model 2 at the event to avoid affecting Model 3 sales
- Musk hinted at a more affordable model during a previous earnings call
- The Cybercab is expected to be the autonomous counterpart to the Model 2
- The Model 2 may be unveiled in early 2025, with a cost similar to the Cybercab and design similar to the Model 3
Article
Tesla’s “We, Robot” event focused on showcasing autonomy, robots, and the future of technology. The event did not feature the anticipated Model 2, leading to speculation by Gene Munster that it was intentionally left out to prevent triggering the Osborne Effect among potential Model 3 buyers. Prior to the event, Munster and his colleague predicted that Tesla would unveil the Cybercab, Cybervan, and Model 2, with the Model 2 expected to be a more affordable version of the Model 3.
Despite the lack of a Model 2 unveiling at the event, netizens believe Tesla’s focus on autonomy and robots did not align with introducing a new vehicle model. However, details about the Cybercab shared by Elon Musk could offer insights into what the Model 2 might entail. Musk hinted at a more affordable model during Tesla’s Q2 2024 earnings call, suggesting that a separate unveiling event for the Model 2 might be in the works for early 2025.
Musk’s comments during the earnings call also indicated that the Cybercab would be priced under $30,000, raising expectations that the Model 2 could be similarly priced around $25,000. The design of the Model 2 is anticipated to be a simplified version of the Model 3, with the capacity to transport more than two passengers and a less futuristic appearance. The Cybercab is expected to be the autonomous counterpart of the Model 2, differing only in the presence of a steering wheel.
Tesla’s decision to hold off on unveiling the Model 2 at the “We, Robot” event aligns with the strategy of keeping the focus on autonomy and robotics. The anticipation for the Model 2 remains high, with many eager to see Tesla’s more affordable offering and how it will compare to the existing models in terms of pricing and design. The possibility of a separate unveiling event for the Model 2 in early 2025 suggests that Tesla is planning a strategic launch for the new model in line with its overall product roadmap.
Overall, the absence of the Model 2 at the recent Tesla event has led to speculation and anticipation among enthusiasts and analysts. Elon Musk’s hints and comments during the Q2 2024 earnings call provide valuable insights into what to expect from the Model 2 in terms of pricing, design, and features. As Tesla continues to innovate and expand its product lineup, the Model 2 is expected to play a significant role in the company’s efforts to make electric vehicles more accessible and appealing to a broader audience.
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