UPDATE: While anticipation builds for the Model Y refresh, CEO Elon Musk has also repeatedly referenced more affordable models coming in 2025.
(Updates on Q model. See below. )
As its fifth anniversary approaches, the Model Y has been updated. It is a precedent for many who contemplate the Y, the best-selling electric vehicle in the United States. And that’s key for Tesla because the crossover is the company’s best-selling vehicle. But what Juniper will be (an internal code call) is not a big mystery. The facelifted Model 3, updated in late 2023, already incorporates many of the expected Juniper tweaks, adding frame design changes (front hood, front fascia, headlights, taillights), improved aerodynamics, quieter ride, a stylish modern. Internal battery technology and in all likelihood new. Of course, there will be some surprises, but there will be no review. See this article for a detailed list of expected settings.
Although Musk hasn’t said much about a Model Y update, other than in June that “no Model Y ‘updates’ will be coming out this year” on the X, he and other executives have continually talked about an affordable new vehicle. As recently as the third-quarter earnings convention in October, Musk said, “we’re still on track to deliver our affordable models starting in the first part of 2025,” after saying more or less the same thing at the second quarterly convention. July. Training
Although Tesla hasn’t officially named its name, analysts use the Model 2 moniker to identify the car. “The vehicle that will be brought in may serve a dual purpose: sales to customers and use of self-taxis,” Stephanie Brinley, an analyst at S
UPDATE: A new report (via Teslarati) claims that Tesla plans to launch the Model Q, an electric vehicle for less than $30,000, in the early part of next year to compete with cars like the cheap BYD Dolphin. But the value of the vehicle will increase to more than $37,000 without the federal tax credits (see more on this below).
What can be expected?
To the consumer, a Tesla means anything less than the cheapest Tesla introduced today, which, adding the $7,500 federal tax credit, equals between $35,000 and $36,000 for a long-range rear-drive Model 3.
“In about three years from now, we are confident we can make a compelling $25,000 electric vehicle that is also fully autonomous,” Musk said in 2020. Today, we’re probably talking closer to $30,000. But Musk has been pretty vague about pricing specifics, though the $25,000 – $30,000 range has been mentioned.
What is doubtful is the fate of the $7,500 federal EV tax credits. This is a critical component to bringing the value of EVs below $40,000 and, presumably, to getting a new Tesla affordable under $30,000. And the deflationary force of credits is not only helping Tesla, but is also significant in sales of General Motors’ developing line of Chevrolet and Cadillac electric vehicles, of Honda electric vehicles made by GM, and also of long term. Ford and Rivian electric vehicles.
The problem is, President-elect Donald Trump’s transition team is exploring the possibility of eliminating the credit according to recent reports, most notably stories in the New York Times, “Trump Wants to Kill the E.V. Tax Credit,” and Reuters. which cited people with knowledge of the plans. Musk in July said, in a backhanded way, that he supports the ending of the credit — that there would be “some impact, but I think it would be devastating for our competitors and for Tesla slightly.”
Trump can’t just unilaterally turn off the spigot because Congress gets involved, however, for consumers who need to ensure they can save $7,500 on the value of an electric vehicle, timing is everything. “Buy before January 20” would possibly be the key word.
“The Trump administration’s potential elimination of federal EV tax credits, without any incentive to update them, may derail the trajectory of EV sales in the U. S. ,” Jessica CaldwellArray, head of research at Edmunds, said in a statement.
[Updated December 9, 2024]
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