Summary
- Tesla’s head of investor relations announced plans for a new model called Project Redwood, aiming for a post-subsidy price under $30,000
- The Model Q will be smaller and lighter than the Model 3, with two models expected – single-motor RWD and long-range dual-motor AWD
- Tesla plans to produce 10,000 Model Q cars per week, with a price estimate of $5,000 more for the AWD variant
- Project Juniper, the Model Y refresh, is expected to launch early next year with a return to the 7-seat, 3-row format
- Car and Driver remains cautious about the new models and suggests a more realistic approach given Tesla’s history with release time frames
Article
Tesla is planning to launch a new model known as Project Redwood or “Model Q” with a goal of achieving a post-subsidy price of under $30,000. While reports from a reliable source, Not A Tesla App, speculate that the starting price after the federal tax rebate will be around $30,000, it is more likely to list for $37,499. The Model Q will be smaller and lighter than the Model 3, with a speculated length of 157 inches. It will come in two models, a single-motor RWD and a dual-motor AWD variant, with different battery sizes and ranges.
Tesla plans to produce about 10,000 Model Q cars per week globally, or about 500,000 per year, using minimal changes to its current assembly lines. Additionally, the investor conference also discussed Tesla’s Project Juniper, a Model Y refresh that may include a return to a 7-seat, 3-row format. Car and Driver remains cautious about the news, suggesting that the new model may be a version of the Model 3 with a smaller battery rather than an entirely new model. They question how Tesla plans to reduce costs, possibly by using smaller batteries, less powerful motors, or cheaper materials in the cabin.
Despite speculations about the lower price point and smaller size of the Model Q, there are still uncertainties about its launch and features. Reports suggest that the new model will include fully autonomous driving and go on sale in mid-2025, but the timeline may be subject to change given Tesla’s history with time frames. While Not A Tesla App is more optimistic about Tesla’s plans, Car and Driver takes a more cautious approach, considering Tesla’s past behavior with announcements and product launches. Both sources highlight the lack of engagement from Tesla in providing concrete information, leading to rumors and speculations in the absence of official details.
Tesla is looking to introduce a more affordable model with the Model Q, potentially offering a lower starting price than the current Model 3. The company’s plans for production ramp-up and expansion into different markets indicate a strong focus on increasing sales and expanding its product lineup. However, with uncertainties about the timeline, features, and production readiness of the Model Q, potential customers and industry experts are advised to approach the news with a sense of caution and skepticism. As Tesla continues its efforts to revolutionize the automotive industry, the success of the Model Q will depend on its ability to deliver on promised features and price points.
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