In a groundbreaking revelation, Tesla’s highly anticipated Model 2 has been leaked ahead of its official unveiling, set for November. Priced at an astonishing $15,990, this budget-friendly electric vehicle is poised to disrupt the automotive market and challenge competitors like BYD, which currently leads the low-cost EV segment. A prototype spotted in China showcases 21 significant design changes from the Model Y, shedding light on how Tesla is slashing costs while maintaining essential features.

Elon Musk confirmed that the Model 2 is a ᵴtriƥped-down version of its popular sibling, the Model Y. The prototype’s video reveals a simplified front end, a lack of the signature glass panoramic roof, and a more basic interior, sparking mixed reactions among fans. While some lament the loss of luxury features, others embrace the practicality of a Tesla at such a low price point.

Production of the Model 2 began in June at the Fremont factory, with mass production expected to ramp up in the latter half of the year. This strategic move comes as Tesla battles declining sales and increasing competition in the EV market. Analysts suggest that the Model 2 could be a lifeline for Tesla, especially after the removal of the $7,500 federal EV tax credit, which complicates the pricing strategy.

The Model 2 will feature a smaller 53 kWh battery, targeting an estimated range of 220 miles—sufficient for daily commuting without the bells and whistles of higher-end models. With Elon Musk emphasizing the need for affordable options, the Model 2 is not just a new vehicle; it’s a critical step for Tesla to regain momentum and capture a broader consumer base.

As the countdown to the official launch begins, all eyes are on Tesla to see if this ambitious venture will redefine the electric vehicle landscape and secure its position in an increasingly competitive market. The stakes have never been higher.