Tesla confirms production of cheaper electric car starting in June based on the Model Y (X @Tesla)
Tesla has confirmed that it will begin producing a more affordable electric car starting in June. However, the news will not be about a completely new model, but rather a simplified version of existing vehicles, most likely the Model Y SUV.
The company managed to prepare its factories for this new version while updating the production lines for the 2025 Model Y, indicating that the entry-level model will use the same structure already in place.
Although not officially revealed yet, Tesla’s cheapest car could cost under $30,000 (considering tax incentives) and will be built on the current assembly lines to keep costs low. This suggests that the vehicle will share parts and features with existing models like the Model 3 and Model Y.
Company executives emphasized that the new models will look similar to the current ones, with the main difference being a reduction in features and items. Production is expected to start gradually, with the cars hitting the streets slowly over the following months.
The introduction of a cheaper model could be an important strategic move for Tesla, especially at a time when the company is facing a 71% drop in profits compared to the first quarter of the previous year. There is also the possibility that more than one entry-level car could be launched, expanding access to the brand’s electric vehicles.
Source: Car and Driver | Photo: X @Tesla | This content was created with the help of AI and reviewed by our editorial team
