Tesla's new Model Q hatchback is preparing to launch for under $30,000 in 2025

Tesla is preparing to launch a new Model Q hatchback EV that will cost under $30,000 and launch in the first half of 2025.

In a new report from The Wall Street Journal, which has a copy of Deutsche Bank's report, we can expect the new Tesla Model Q in 1H 2025 at under $30,000. WSJ reporter Becky Peterson writes: "I got a copy of the Deutsche Bank report. Here's what it does say: 1. Travis Axelrod met with DB for its Autonomous Driving Day on December 5 in NYC. 2".

"DB describes"the new Tesla model"which it calls"Model Q". 3. DB says it will launch in the first half of 2025, and will cost less than $30k with subsidies, or $37,499 if Trump cancels the IRA tax credit. 4. DB says it will be built on Tesla's existing lines".

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Tesla might not name the new car the Model Q, but it would be a fitting name considering Elon Musk has posted about Q (the 'conspiracy theory') and Amazon has an AI called Q, and he already uses Model S, 3, X, and Y on the market (S-E-X-Y). But, the sub $30,000 pricing will be very, very attractive to new EV buyers, and the cheaper car will help Tesla's continued growth rate as it has a car that a far larger chunk of the market can afford.