_tesla39s-model-2-vital-for-growth-targets-amidst-reports-of-scrapping-says-morgan-stanley-analyst.jpg "Tesla's Model 2 Vital for Growth Targets Amidst Reports of Scrapping, Says Morgan Stanley Analyst from cars 2 fun summer Video Screenshot Preview")
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✓ Published: 09-Apr-2024
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✓ Published: 09-Apr-2024
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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.
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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