There are reports of a new, lower-priced Tesla model, potentially called the Model 2, which may be released in 2025. The price of this model is speculated to be around $25,000 to under $30,000, and it may be a smaller alternative to the Model Y. However, there is some uncertainty about the model's name, with some outlets referring to it as the Model Q, and its exact release details and specifications have not been confirmed.