Dec 10, 2024 1:01 AM CST 1 minute & 30 seconds read time TL;DR: Tesla plans to launch a new Model Q hatchback EV priced under $30,000 in the first half of 2025. The vehicle will be built on existing Tesla lines and aims to attract a broader market segment. The name "Model Q" is not confirmed, but the affordable pricing is expected to boost Tesla's growth. 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".