Tesla CEO Elon Musk has teased three new upcoming models at the company’s annual shareholders meeting, including the US EV-maker’s long-awaited small car.
Musk took to the stage and showed a slide depicting Tesla’s entire future product portfolio, including the three mystery models covered by silver sheets.
A quick ogle at their respective silhouettes suggests two of them are the long-promised Model 2 small car and Model Q compact SUV, while the third appears to be some sort of boxy delivery van or people-mover.
“Obviously we’ve got some new products that we’re working on, under the covers, and I think these are going to be pretty special,” Musk said.
“I think people may think ‘oh it’s not going to be that amazing’, but just wait… it will be.”
That was all the typically outspoken exec had to say about Tesla’s two new compact EVs, which had been expected to enter production in late 2025 but according to a Reuters report two months ago had been axed.
Very few details are known about the compact car and SUV – or the mystery machine – but it’s understood the former two will be produced using “revolutionary manufacturing technology” that will allow for a circa-$35,000 starting price – something that’s long been a key focal point for Musk and Tesla.
The Model 2 and Model Q will not only serve as smaller counterparts to the Model 3 mid-size sedan and its SUV sister model, the top-selling Model Y, but they will mimic their rough silhouettes judging by this new teaser and the previous Model Q preview.
Both models will initially be produced at Giga Texas before their manufacture is expanded to China, increasing annual production capacity to five million units.
Chinese production bodes well for the chances of both models coming to Australia, where Tesla will no doubt be keen to snare a slice of the sub-$50,000 EV market and tackle the growing number of Chinese-based auto brands head-on.