Tesla's head of investor relations reportedly confirmed the news to Deutsche Bank and said the new model will arrive in the first half of 2025.

Report based on Deutsche Bank conference attributes unverified product news to Tesla’s investor relations boss Travis Axelrod

The vehicle is expected to be priced below $30,000 in the United States after subsidies, with a potential base price as low as $25,000. In China, it is anticipated to cost approximately 218,000 CNY or lower if produced locally.

Tesla’s much hyped and cancelled cheaper model is now due to arrive next year, according to reports. A new report from Deutsche Bank said the American electric car company’s head of investor relations Travis Axelrod confirmed the new model will arrive as early as the first half of 2025.

Tesla CEO Elon Musk has confirmed that a new low-priced model will be added to the lineup in 2025 and another executive has revealed what its name might be.