US EditionTesla to Unveil More Affordable Model Y SUV
Tesla aims to boost US sales with a Model Y priced below $30,000 including EV tax credits as it faces rising competition and slowing demand, executives said.
- On October 7, 2025, Tesla Inc. will introduce a less expensive variant of the Model Y SUV.
- This launch comes as the U.S. federal tax credit of up to $7,500 for electric vehicles ended at the start of this month, making Tesla models more expensive for buyers.
- German plant manager André Thierig shared internally that the upcoming Model Y will cost approximately 10% less than the existing model.
- Tesla set a new quarterly record by delivering nearly half a million vehicles globally between July and September; however, executives noted that initial production of the more affordable models only started in June.
- The decision is intended to make the car more accessible, as Musk noted that although interest is strong, many customers lack sufficient funds to make a purchase.
17 Articles
17 Articles
Tesla to unveil more affordable Model Y SUV
Tesla (TSLA.O) is expected to unveil on Tuesday a more affordable version of its best-selling Model Y SUV, as the electric vehicle maker seeks to reverse falling sales and waning market share amid rising global competition. Chief Executive Elon Musk for years has promised mass market vehicles, though last year he canceled plans to build an all-new $25,000 EV, Reuters first reported. The car expected this week is an "affordable" vehicle based on …
Tesla Set to Unveil Cheaper Model Y in Push to Reignite Sales
Tesla is expected to unveil a lower-cost version of its best-selling Model Y SUV on Tuesday, marking a strategic move to revive waning sales and reclaim market share amid rising global competition. CEO Elon Musk has long promised to make Tesla vehicles more affordable for the mass market. But after canceling plans for a new […] The post Tesla Set to Unveil Cheaper Model Y in Push to Reignite Sales appeared first on Modern Diplomacy.
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