Update: Becky Peterson, a journalist from the Wall Street Journal, says she’s acquired a copy of the Deutsche Bank report from the Autonomous Day conference that took place in NYC on December 5. The report confirms many of the points mentioned in the Chinese media, including that Travis Axelrod met with Deutsche Bank during the conference.
Peterson highlights five key issues from the report and adds that Deutsche Bank has labeled the “new Tesla model” as “Model Q. ” The report also mentions that the electric vehicle is expected to launch in the first part of 2025, priced under $30,000 with federal tax credits or under $38,000 without, and built on TeslaArray’s existing platforms. However, in his tweet it is not clear that these statements are from Axelrod himself. words or the valuation of Deutsche Bank.
In a tweet, Peterson noted that the report does not mention “Redwood, the so-called internal code for a customer vehicle, built on a new platform, which Musk stopped earlier this year. ” Array added that “it doesn’t say anything either. ” . about length or cost, or how it might differ from a 3″ model.
We’ve reached out to Peterson and will update this story if we hear more.
If a report coming out of China, citing statements from a Deutsche Bank conference and Tesla’s VP of Investor Relations, is to be believed—and that’s a big if until there’s official confirmation or firsthand verification, Tesla is allegedly gearing up to launch a new EV called the Model Q next year, priced at just $30,000.
At least that is the essence of a news item that has been circulating lately in the Chinese media. The report claims that Travis Axelrod, Tesla’s head of investor relations, showed off lifestyles and the imminent arrival of the new entry-level car at a Deutsche Bank self-driving expo. Daytime conference.
Related: Will a $25,000 Model 2 small crossover be right for EV buyers?
The story turns out to come from Wall Street CN, which claims that Axelrod said that baby Tesla would debut in the first part of 2025 with a value of $37,500. But if outgoing President Donald Trump decides not to destroy existing tax credits for electric vehicle systems, the value of the deal could fall to just $30,000.
And that’s not the only secret car Tesla has in store for us next year, according to the same report. He says the automaker will also launch other new models to expand its market with the aim of achieving a 25 to 30 percent expansion target. One of those additional electric vehicles could simply be a three-row, long-wheelbase Model Y, designed primarily for China, but which could also do well in other countries and close the gaping gap between the Y and X SUVs. The Model Y will receive a facelift in 2025.
Tesla has warned, however, that the launch of new products will inevitably lead to a transitory drop in profitability, according to Chinese media. Other news that is intended to emerge from the convention includes Tesla’s claim that it will launch a self-driving taxi. service in California and Texas in 2025, Model 3 and Y cars before the launch of the company’s genuine robotaxi, the Cybercab, in 2026. Tesla will eventually reduce the burden of generating Cybercab to $30,000 per unit, the report states.
We reached out to Travis Axelrod, Tesla’s Investor Relations team, as well as Deutsche Bank’s North American and Chinese divisions for comment, but have yet to hear back from anyone, so for now you probably ought to take the news with a pinch of salt. But if it’s true, legacy carmakers are going to have a nightmare on their hands trying to compete.