---
title: "Tesla's industrial chain is \"mixed with joy and sorrow\": Is Model 2 gone? But there will be a 20-30% growth next year!"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/217848868.md"
description: "Elon Musk stated that a more affordable model is expected to be launched in the first half of next year, but the price will not be lower than $25,000; it is projected that overall car production will increase by 20-30% next year, and by 2026, Cybercab is expected to achieve an annual production target of 2-4 million vehicles"
datetime: "2024-10-25T08:43:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/217848868.md)
  - [en](https://longbridge.com/en/news/217848868.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/217848868.md)
---

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# Tesla's industrial chain is "mixed with joy and sorrow": Is Model 2 gone? But there will be a 20-30% growth next year!

Elon Musk officially canceled the plan for a $25,000 regular model, but at the same time provided guidance for a 20-30% production increase next year.

During the Q3 earnings call on Tuesday local time, when asked "When can investors expect to see a non-Robotaxi electric vehicle priced at $25,000," Musk replied:

> **"Having a non-autonomous regular model priced at $25,000 is meaningless."**

However, Musk also mentioned during the call that **Tesla still plans to offer "more affordable models" starting in the first half of next year, with overall car production expected to increase by 20-30% next year;** By 2026, Tesla's Robotaxi "Cybercab" is expected to achieve an annual production target of 2-4 million units.

This is Musk's first official statement on the question of whether a $25,000 regular model (widely believed to be Model 2 or Model Q) will be launched.

In early April this year, Reuters reported that Tesla's affordable model Model 2 might be delayed or canceled, but Musk denied this on the X platform at that time.

It is reported that Tesla initially hoped to reduce costs by developing a new generation assembly platform in Mexico, but due to overcapacity and macro changes, Tesla can only introduce more affordable models using existing platforms, hence the price will exceed $25,000.

J.P. Morgan released a research report stating that due to the previous prevalent market belief that the "affordable model launch was canceled," investors' expectations for large-scale production of affordable models next year have significantly decreased, and the decision to cancel the plan is expected to have a negative impact on the related supply chain

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