Tesla delays new 'affordable EV/stripped down Model Y' in the US
a year ago
- #Tesla
- #Electric Vehicles
- #Automotive Industry
- Tesla delays the launch of its new 'affordable EV,' a stripped-down Model Y, in the US.
- Elon Musk canceled plans for a $25,000 vehicle to focus on Robotaxi technology.
- Tesla will instead build more affordable EVs on the existing Model Y platform.
- Musk believes self-driving ride-hailing fleets will dominate the lower-end car market.
- Tesla's sales are declining, leading to production throttling at all facilities.
- New 'stripped-down Model Ys' with fewer features are expected by early 2025.
- Reuters reports a delay of 'at least months' for the lower-cost Model Y launch.
- Tesla aims to produce 250,000 units of the new model in the US by 2026.
- Chinese reports also describe the new EVs as stripped-down Model Ys.
- The move may cannibalize existing Model 3 and Y sales and reduce gross margins.
- Musk argues the strategy will boost long-term revenue via Full Self-Driving (FSD) packages.
- FSD adoption remains low due to its high cost and ongoing driver supervision requirements.