Tesla’s new EVs! More information released

$Tesla(TSLA.US)$ just released their Master Plan Part 3 report and teased that their new Compact EV will come with a LFP battery with a 53 kWh pack size. They expect the annual vehicle sales to reach 42 million, almost double of the 24 million of the best-selling Model 3 and Model Y.

The 53kWh battery pack should give it about 250 miles (or 400 km) of range. In comparison, the original ~$65,000 Tesla Roadster had a 53kWh battery and 230 miles of range, while the ~$33,000 Renault Zoe also had a similar 52kWh battery with 245 miles of range.

The $25,000 compact EV, often referred to as the “Tesla Model 2”, has been always in the discussion since Elon Musk’s announcement back in the Tesla Battery Day in 2020. While there are no official designs released from Tesla, yet, Tesla has already been taking in design submissions since June 2020.