Tesla is set to reveal a more affordable electric vehicle by mid-2025, a model likely influenced by its popular Model Y. CEO Elon Musk stated that creating a cheaper version without self-driving capabilities would be "pointless," highlighting the company's commitment to autonomous technology. Although details remain sparse, sources suggest that mass production of this new model may occur in Shanghai and potentially in Europe and the US, with an aim for 2026. This launch follows disappointing sales figures and comes as competition from low-cost EV manufacturers increases, making an affordable model crucial for Tesla's market position.
Tesla's CEO, Elon Musk, expressed that launching a cheaper model without self-driving features would be "pointless," emphasizing the necessity of autonomous driving capabilities.
Reports suggest that Tesla's new affordable model, inspired by the Model Y, will be unveiled by mid-2025 and aims for mass production in China starting 2026.
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