According to Loup Ventures, Tesla will begin distributing Model 2 prototypes to consumers in early 2024 

and ramp up production of a new electric vehicle project by the middle of 2025.

Elon Musk's electric company Tesla is rumoured to release its $25,000 Model 2 vehicle in 2024. 

Elon Musk believes that the Tesla next-generation vehicle platform 

will be able to produce electric vehicles for a quarter of the cost,

with a fraction of the labour force, and in a fraction of the manufacturing 

space required to produce a Model 3, which now starts at $47,000.

Tesla's 2024 Model 3 is predicted to have upgraded internals

and a redesigned drivetrain that generates more electrical horsepower than before.