Elon Musk Launches New Volkswagen Beetle - Wyatt Investment Research

In the early 1930s only 5% of Germans owned a car.

Luxury vehicles from BMW and Mercedes dominated the market – yet they were unaffordable.

The solution was the Volkswagen – which translates into “Peoples Car.”

The VW Beetle could hold 2 adults and 3 kids. It could travel 60 mph on the autobahn. And most importantly – it was affordable.

It was wildly successful – selling a total of 23 million cars.

Today Tesla is developing it’s EV version of the VW Beetle…

Known as the Model 2.

The goal is to produce an affordable electric vehicle for everyone – similar to the VW Beetle or Toyota Corolla.

The Model 3 is currently Tesla’s least expensive car – with a MSRP starting at $41,630.

Elon wants to launch the Model 2 with a price point of $25,000 – $30,000.

Production will begin at Giga Texas, according to a December video interview. And it’ll then be expanded in Mexico.

Right now, EVs are unaffordable for many middle-class Americans.

Tesla’s goal is to expand the market size.

An inexpensive Model 2 will compete with the Toyota Corolla, Honda Civic and other compact sedans.

Here’s the key point…

Tesla is in the final stages of developing the Model 2.

Last year Tesla made 1.8 million EVs. And Elon plans to produce 20 million EVs per year by 2030.

Tesla must launch a low-cost EV to hit this goal.

Shares of TSLA do extremely well after a major product launch.

The release of the Model 2 will be a huge catalyst for Tesla stock in 2024.

Plus, I’m expecting a major Artificial Intelligence breakthrough from Tesla before Jan. 31. And right now, most folks are completely clueless.

Get urgent details on Elon’s AI Initiative – including:

Just click here now – before Tesla’s next big announcement.

Ian Wyatt

Full Disclosure: Ian Wyatt currently owns shares of Tesla (NASDAQ: TSLA)