Deutsche Bank's report states that a new Tesla model, referred to as "Model Q", will be priced under $30,000 including subsidies and is set to launch in early 2025. With Tesla's focus on maximizing existing manufacturing capabilities instead of starting from scratch for this vehicle, they anticipate an increase in production volumes by 20-30% next year.
Tesla's strategy to produce the 'Model Q' involves utilizing current manufacturing lines, a decision that will prevent the costly and tedious process of establishing a new facility. This approach aligns with Elon Musk's frequent hints at introducing a more affordable variant of Tesla's offerings, which could significantly impact the company's market position.
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