Tesla's Model 2 Vital for Growth Targets Amidst Reports of Scrapping, Says Morgan Stanley Analyst from genda full flowergla hot model Watch Video
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⏲ Duration: 0:38 👁 View: 1.6M times ✓ Published: 09-Apr-2024
Description: Morgan Stanley analyst Adam Jonas believes Tesla's planned low-cost Model 2 car is critical to its growth targets, estimated to be over 40% of incremental volumes by 2030. A report from Reuters said Tesla has scrapped plans for the affordable Model 2 to focus on robotaxis. CEO Elon Musk denied the reports but confirmed an unveiling event for Tesla's Robotaxi on August 8th. Jonas estimates the Model 2 could account for 36% of Tesla's unit volumes, 23% of auto revenues, and 17% of total revenues by 2030. Scrapping Model 2 plans raises questions if China has too many affordable EV options already or if a Model 2 wouldn't be a major growth driver.
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