Tesla (TSLA+1.73% ) just pulled the cover off its long-awaited “Model 2” – and it’s turning heads for one big reason: the price. The new compact EV will start at just $25,000 – a major milestone for Tesla.

• Target release: Early 2026
• Production: Tesla’s new Gigafactory in Mexico
• Size: Smaller than the Model 3
• Range: Around 250 miles per charge
• Features: Equipped with Tesla’s latest self-driving hardware suite

“Why it matters: That price point is a direct shot at gas-powered cars and budget EV makers like BYD and Nissan.”

If Tesla can mass-produce it and hit that price, it could open up EV adoption to millions of new drivers. The market liked what it heard – shares of Tesla popped after the announcement, and competitors like
Ford (F -2.1% ) and GM (GM -1.7% ) saw their stocks slide.

👉 But here’s the fine print…
Tesla has a history of bold promises and long delays 🤔 (Cybertruck, anyone?).
So while the hype is real, investors and car buyers alike are taking a wait-and-see approach ⏳.

📈 This could be Tesla’s iPhone moment — a tipping point for mass EV adoption.