It looks increasingly likely that the much touted $25,000 entry level Tesla known colloquially as the Model 2 will not be built.

Key Takeaways Tesla is set to produce and launch a lower-cost Model Y vehicle in China likely in 2026, Reuters reported Friday—citing people with knowledge of the matter.The vehicle will also eventually be launched in Europe and North America,

The legend of the ‘Tesla killer’ is not a myth anymore. It came true, and it’s not an electric vehicle from a legacy automaker or a new EV startup; it’s Elon Musk, Tesla’s CEO. In the early days of Tesla, the media loved to use the term ‘Tesla killer’ every time a legacy automaker launched a new EV.

Tesla warned of the hit to its bottom line from tariffs, while SpaceX complained that foreign trade barriers affect its Starlink internet satellite service.

Tesla, the American electric vehicle manufacturer owned by billionaire Elon Musk, has cautioned that President Donald Trump's trade policies could expose the company to retaliatory tariffs and lead to higher production costs for vehicles built in the United States.

Tesla told the Trump administration that its ongoing tariff war could make it more expensive for the electric car company to build vehicles in the U.S. “Trade actions should not (and need not) conflict with objectives to further increase and support domestic manufacturing,

Electric car company Tesla is asking President Donald Trump’s administration to “consider the downstream impacts” of retaliatory tariffs in Trump’s trade war with multiple countries. The March 11 letter to the U.