In a move that could redefine the electric vehicle market, Elon Musk has officially unveiled the long-awaited Tesla Model 2 — a compact, fully electric car with a jaw-dropping starting price of just $10,759. Presented at Tesla’s global event in Austin, Texas, the Model 2 has instantly grabbed headlines not only for its aggressive pricing but also for its promise to deliver Tesla’s signature innovation and performance at an unprecedented cost.

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After years of speculation, the Model 2 marks Tesla’s boldest attempt to democratize electric mobility. “This is not just a cheaper Tesla,” Musk declared during the reveal. “This is the car that will make EVs accessible to everyone.” With that, the Model 2 steps onto the world stage as a potential game-changer — not just for Tesla, but for the entire automotive industry.

The Model 2 is a five-door hatchback, smaller than the Model 3 but packed with impressive features. Built on Tesla’s next-generation platform, it uses a simplified production process and next-gen batteries that drastically cut costs. Musk confirmed that the car will be produced initially at Tesla’s Gigafactory in Berlin, with expansion planned for the Mexico and Shanghai facilities by 2026.

Despite its budget-friendly price, the Model 2 does not skimp on technology. It boasts a minimalist interior, a single center screen powered by Tesla’s new AI-based user interface, and basic Autopilot capabilities standard across all variants. Early reports suggest a range of approximately 250 miles per charge — more than enough for most daily commutes — with a higher-range version expected to follow.

The announcement comes at a critical moment as global automakers race to produce affordable EVs. Legacy brands like Ford and Volkswagen have struggled to hit sub-$25,000 targets, let alone cross into the $15,000 range. By slashing the entry price for a Tesla down to just over $10,000, Musk has positioned the Model 2 to potentially dominate emerging markets and challenge combustion-engine cars directly.

Reactions across the automotive world have been mixed — awe at the pricing, skepticism about feasibility. Some analysts warn the low price could mean thinner margins or supply chain strain. But Tesla’s vertically integrated model and recent investments in cheaper lithium-iron phosphate batteries could give it an edge competitors lack.

Pre-orders for the Model 2 are set to open in the third quarter of 2025, with deliveries beginning as early as spring 2026. Tesla fans and budget-conscious consumers worldwide are already flooding forums with excitement, hailing the Model 2 as the next evolution in mass-market EV adoption.

As Tesla once again defies industry expectations, one thing is clear: Elon Musk is betting big on accessibility, and if the Model 2 delivers on even half its promises, it might just be the car that brings electric mobility to the masses.