there's no question that elon musk and his firm tesla are deserving of worldwide recognition the company's most powerful asset is its eccentric ceo elon musk a pioneer an adventurer and a visionary of the new world and its technology the firm is now on an approach of causing a revolution in the global automobile and transportation industries the company are doing everything they can to complete the qualitative manufacturer of the first time large market model the model 2 will be the name of the product and it is projected to be the best selling electric vehicle to date due to its low entry level pricing and exciting contemporary features as well as improved performance but what exactly is the model 2 and why are so many people excited about its arrival let's find out in today's video the news of tesla's cheap model the model 2 has a lot of people excited as more and more people are switching to electric cars and waiting for the experience of the magnificence of the upcoming electric car from tesla according to the market model ranking tesla has topped even the european automobile market a lot of engineers and consumers have given amazing reviews for the strong performance of the model y as well as the model 3 cars so far tesla is currently leading the market and in the next position there's volkswagen the production and sale of the model 3 alone made the company step into the trillion dollar club which is an incredible feat the business model and its outcome have already influenced tesla a lot and the company is completely concentrating on producing the new electric cars at an affordable rate as they have recognized how important cheap electric cars are for the modern and future worlds the new model too could rewrite the history of the earth and humans as well as the car industry as it could issue in a new age of electric cars musk's master plan is clear and straightforward the company started manufacturing cars in 2008 and the roadster which was sold for more than one hundred thousand dollars the money raised from selling the roadster the first commercial electric vehicle was used to produce less expensive medium volume cars which must call the model s the model 3 the model x and finally the model y he was trying to spell the word sexy but a model e already exists so tesla couldn't use the name unfortunately the use of the money from selling the medium volume cars is now expected to be used in the production and manufacturing of the large volume cars with the first one being the model 2. musk once stated that there's an important point about tesla which is that whenever someone buys a tesla roadster even though it's a 100 000 sports car and a fancy one every penny that tesla makes goes into the development of lower class mass market vehicles so the company doesn't issue any dividends nor will it ever he claimed that even his salary is a minimum wage one the roadster set a standard for tesla with its excessive cost and luxury range and tesla managed to create a terrific impact with the luxury car following the roadster tesla released the model s this model managed to garner critical acclaim mainly for its design and performance it even lasted longer than the roadster in keeping with the fee and supplied storage space at the back aided by the battery placement at the bottom of the vehicle the model s also progressed because of the low center of gravity it became an extra mass market place than the roadster because its expense is less and it represented the next step in must's grand plan however it was the model 3 that kicked off the close part of musk's master plan this is going to be the first time in history where middle class people could own an electric vehicle of high quality musk realized quickly that humanity needs a fairly less expensive electric powered automobile before mass adoption of electric vehicles could begin and another reason why musk is fixated on creating this vehicle is that numerous people around the world are priced out of owning tesla automobiles at their modern prices musk believes that people belonging to any class should be able to buy an electric powered automobile but no matter how cheap the vehicle gets it can never be cheap enough for all still musk has promised to try and make the vehicle as affordable as possible his fundamental goal is to minimize environmental pollution by producing cars that will possess zero emissions naturally it is only possible to achieve this if the common man can afford the vehicle making it more in use than luxury cars the battery is the most costly component of an electric car tesla has been developing a tablet battery that is expected to increase the range and power of its electric vehicles the battery is projected to minimize tesla's cost per kilowatt hour while also reducing environmental effects and increasing energy density and production tesla said that starting in 2022 it would begin manufacturing the 4680 batteries in-house in a china-based factory the tesla model 2 would be made possible by the new 4680 batteries which come from their form of production different from other batteries and allow tesla to cut down manufacturing costs of their electric vehicles especially the model 2 by more than 50 percent following the development the company aims to release a lot of vehicles in the coming years and we could see all of them being cut down to very affordable prices and before too long electric vehicles will become the order of the day and while tesla aims to bring its entry price down to 25 000 in a few years analysts see the starting price of electric vehicles falling even further than that the tesla model 2 which is expected to be released in 2023 would be created and designed in tesla's new shanghai research and development facility this research and development center in shanghai would be tesla's first outside of the united states because it will be constructed in the shanghai gigafactory elon musk has claimed that the tesla model 2 would be like an electric hatchback and will be built in a chinese style tesla has already began accepting design submissions for the chinese styled small electric car from qualified candidates and has been hiring for its production since last summer with several jobs still available at the shanghai facility including openings for vehicle design and software as well as hardware design engineering as well as material engineering research and design operation vehicle engineering and powertrain energy engineering the automobile would be manufactured in china and then exported abroad this was verified by tom zhu tesla's president in china in an interview with the chinese state media in late february 2022 although the company stated that the car would be released in 2023 most people were skeptical because the company is notorious for not meeting release dates and the budget-friendly car appeared to be a far cry as it had ever been achieved before the company already had a garage full of electric vehicles it is yet to mass produce or release such as the cyber truck as well as the semi-truck elon musk confirmed a clearer notion of the projected timeline of the economic tesla's introduction in a meeting conducted in august 2021 he stated that manufacturing of the new 25 000 tesla would begin in 2023. according to twitter sources the tesla model 2 prototype has been finished with a trial production date set for 2022 the tesla model 2 is said to be devoid of a steering wheel elon musk hinted at this at an august 2021 meeting when he asked the staff if they wanted the tesla model 2 to include a steering wheel and even pedals this was not surprising given that the business posted a teaser image of the car without a steering wheel or pedals in 2019 but the next question is if one can make a cheap electric car well why not make one that is less than 25 000 isn't it worth giving it a shot well then brace yourself because tesla is looking forward to producing electric vehicles for just five thousand dollars in the market this is an insane idea but possible a five thousand dollar car would have a lot of modern features removed and it is possible that even if one can acquire a five thousand dollar car they might not really enjoy the car well the wu ling hong guang mini electric vehicle sold in china tells a very different story the wu ling hong guang mini is a two-door hatchback that seats four passengers in china and the model 3 was outsold by this small electric car as of january 2021 it sold almost 36 700 units just in january alone whereas tesla only sold 21 500 model 3s although the car is now available in china the business intends to boost sales internationally by next year and it just so happens that the wuling hong guang mini is sold at around 5 000 do you really think that tesla can produce a 5 000 electric vehicle sound off in the comments below and don't forget to like share and subscribe and thank you for watching
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