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Tesla’s focus on launching a scaled-down, affordable vehicle aligns with its broader strategic goal to expand its global footprint, particularly in markets with high demand for small, efficient vehicles. Industry analysts predict that the release of the Model Q will boost Tesla’s sales growth by approximately 15% to 30% annually in 2025, marking a significant step in Tesla’s market expansion.
Additionally, Musk hinted at the possibility of another future model—perhaps a smaller version of the Model Y—yet emphasized that the Model Q would serve as a substantial entry point into the compact car category. This is poised to challenge small hatchback dominance in Europe and emerging markets, broadening Tesla’s potential customer base.