As the electric vehicle manufacturer looks to turn around declining sales and dwindling market share in the face of growing international competition, Tesla is anticipated to introduce a more reasonably priced version of its best-selling Model Y SUV on Tuesday.
Elon Musk has been promising mass-market cars for years, but last year he scrapped plans to develop a brand-new $25,000 EV, as Reuters first revealed. This week’s anticipated car is “affordable” given the state of design and manufacture.
Over the weekend, Tesla shared two videos on X, which excited Tesla enthusiasts. In one video, headlights can be seen peeking out of the shadows, and in another, a wheel-like object spins for a few seconds before “10/7,” which is the US format for the date October 7.
