Tesla began production in June of a new, more affordable version of its Model Y SUV, which is expected to go on sale in the fourth quarter of this year.
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According to CEO Elon Musk, this new option will not be a completely new model but rather a simplified version of the Model Y, the brand’s best-selling vehicle. Mass production is expected to continue through the end of 2025, with the vehicle becoming available to the public in this final quarter.
Although there is no official information yet on pricing or specifications, it’s believed the model will be priced around $35,000. To reach that figure, the car is expected to feature a smaller battery and more basic interior materials, reducing manufacturing costs by about 20% compared to the current version, which starts at $46,630.
This strategy replaces previous rumors of a completely new vehicle launch, the rumored “Model 2,” which is said to have been canceled.
Tesla has been planning a more affordable model for years, and now confirms that its bet will be on a simpler and more accessible Model Y, without compromising its position as the brand’s most popular SUV.
More details about the car are expected to be released in the coming months, providing greater clarity on its features and final cost for consumers.
Source: Car and Driver | Photo: Instagram @teslamotors | This content was created with the help of AI and reviewed by the editorial team
