US EditionTesla's Teasers Hint at a Lower-Cost Variant of Bestselling Model Y - Report (TSLA:NASDAQ)
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A cheaper variant of the Model Y without certain features and with different material choices than the original model. These are the advance tips now that Tesla is expected to launch a new car.
Tesla's teasers hint at a lower-cost variant of bestselling Model Y - report (TSLA:NASDAQ)
Tesla (NASDAQ:TSLA) is likely set to unveil on Tuesday a lower-cost version of its popular Model Y SUV in a bid to reignite sales and regain market share, Bloomberg reported, citing people familiar with the matter.
Tesla Plans to Unveil Cheaper Version of the Model Y on Tuesday
Tesla Inc. plans to unveil a cheaper version of the Model Y on Tuesday, according to people familiar with the matter, following through on assurances it will have a more affordable vehicle to counter the loss of US incentives for electric vehicles.
Musk's brand seeks to conquer a wider audience with a simplified electric SUV, but maintaining the essence that has made it the best seller
Images of a possible entry-level version of the Tesla Model Y, which is set to enter the market with significantly reduced equipment compared to current variants, have surfaced online. The images of the car were reportedly briefly posted on Tesla's website before being removed, sparking debate about the authenticity of the leak and the company's strategy.
Tesla is expected to cost about 20% less than the current base variant. With the SUV, Tesla is responding to the end of US tax relief for electric vehicles. (Read more)
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