After Tesla's first quarter earnings conference call, two schools of thought emerged on the upcoming affordable Tesla vehicle. One says the long-awaited Model 2 is the low-cost car, while the other says something different is in the works, calling it the Model 2.5. Despite a report to the contrary, some kind of new low-cost vehicle is in the pipeline.
During the call, CEO Elon Musk discussed the future low-cost vehicles, specifying that the new "affordable" vehicles are based on aspects of both the next-generation platform and current platforms. He also said Tesla would "accelerate the launch of new models to late this year or early next year."
Some analysts have interpreted the remarks as Musk reconfirming the "Model 2," a moniker given to the next-gen low-cost vehicle. They believe it will be priced under $30,000.
Other analysts are more skeptical. They believe that Tesla will modify existing models to lower costs rather than introduce an all-new model.
Some analysts remain extremely skeptical about a Model 2, citing Tesla's history of delays and unmet promises.
Some analysts believe that the updated Model Y may be the most significant Tesla vehicle in the near term, as Tesla focuses on making existing products less expensive.