Gasgoo.com – According to foreign media reports, American electric car manufacturer Tesla announced at an investor conference with Deutsche Bank that it plans to launch a new model priced below $30,000, aiming to help the company increase its annual sales growth and compete with models such as BYD Dolphin and Volkswagen ID.3.

In its report, Deutsche Bank called the new model Tesla wants to launch “Model Q”. It is worth noting that “Model Q” was named by Deutsche Bank, not Tesla. At the same time, Deutsche Bank stated in the report that Tesla’s “Model Q” will be produced based on Tesla’s existing platform and will be launched in the first half of 2025. If the US electric vehicle subsidy is added, the price will be less than $30,000, but if the next US President Trump cancels the electric vehicle tax credit, the price of this model will reach $37,499.

However, Deutsche Bank’s report has not yet revealed any information about the size of Tesla’s “Model Q” or how it will differ from Tesla’s Model 3. Some Wall Street analysts expect that Tesla’s more affordable model (“Model Q”) to be launched next year will be a streamlined version of the Model 3 and Model Y.

It is reported that currently, Tesla’s lowest-priced model in the United States is the Model 3 sedan, which starts at $44,130 (including shipping costs), and $36,630 after enjoying federal tax credits.

In addition, Tesla also plans to launch a new platform to produce more cost-effective models, thereby expanding the consumer base and possibly increasing sales in the coming years. Earlier this year, Tesla said that investors should be able to expect the company’s sales growth to decline this year as the company focuses on the next-generation platform to produce more affordable cars.