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A cheaper Tesla is back on the menu

Tesla plans new cars for 2025, but it’s not clear if it’s Model 2.

But Musk didn’t clarify whether the lower-cost EV would be a brand new model for Tesla or simplified versions of its current vehicles. “In terms of a new product roadmap, there’s been a lot of talk,” Musk said during the company’s first quarter earnings call, addressing the concerns investors have expressed over the past month about the delayed plans for a low-cost EV. Musk started the call by addressing concerns that the market is emphasizing the development of hybrid vehicles over fully electric ones, which he believes is “not the right strategy.”

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