If a report coming out of China, citing statements from a Deutsche Bank conference and Tesla’s VP of Investor Relations, is to be believed—and that’s a big if until there’s official confirmation or firsthand verification, Tesla is allegedly gearing up to launch a new EV called the Model Q next year, priced at just $30,000.
Or at least that’s the gist of a story currently doing the rounds in the Chinese media. The report claims that Travis Axelrod, Tesla’s head of investor relations, confirmed the existence and impending arrival of the new entry-level car during a Deutsche Bank investor conference.
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