News writer The Deutsche Bank report, prepared after a meeting with Travis Axelrod (Head of Investor Relations at Tesla), reveals some aspects of the company’s product plan for 2025. The most interesting aspect is the company’s intention to launch a new low-cost electric car, the Tesla Model Q, which is due to debut next year. The new low-cost model was a key topic of discussion during Deutsche Bank’s Autonomous Driving Day in New York. The report describes Tesla’s strategy to introduce several new cars in 2025: A new entry-level electric car called the Tesla Model Q is due to hit the market in the first half of 2025. Its price will be less than $30 thousand with subsidies (or $37499 without subsidies). In the second half of 2025, Tesla is expected to release additional models aimed at expanding its overall target market. It is believed that one of them is a 3-row Model Y with an extended wheelbase, which is likely to be exclusive to China. Tesla plans to build all new models on existing production lines, emphasizing the efficient use of capacity to achieve the planned 20-30% growth in production in 2025. Tesla is confident in scaling up its supply from China, but the high level of goals will require flawless execution, especially in North America. The company’s plans for a plant in Mexico remain dependent on geopolitical developments and tariff policy under the new Trump administration. The Tesla Model Q could be a compact electric vehicle similar to a hatchback with crossover features, or even a modified version of the Model 3 or Y. Details remain unknown, but the presentation is expected to take place in the first half of 2025. Rendering of the Tesla Model Q / carscoops.com The report also confirms rumors of an elongated three-row version of the Model Y designed specifically for Chinese buyers. This version is built on an updated Model Y platform, codenamed Juniper, which will debut next year. Although Tesla has ambitious plans for sales growth, they may face significant challenges. The possible elimination of the $7,500 federal tax credit by the new Trump administration is likely to have a significant impact on EV sales in the United States. An example is Germany, where Tesla’s sales fell by more than 43% after subsidies were cut in December 2023.