{"id":22345,"date":"2025-10-07T12:04:02","date_gmt":"2025-10-07T12:04:02","guid":{"rendered":"https:\/\/ipp-news.com\/?p=22345"},"modified":"2025-10-07T12:04:02","modified_gmt":"2025-10-07T12:04:02","slug":"tesla-to-unveil-more-affordable-model-y-suv","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=22345","title":{"rendered":"Tesla to unveil more affordable Model Y SUV"},"content":{"rendered":"
Tesla (TSLA.O) is expected to unveil on Tuesday a more affordable version of its best-selling Model Y SUV, as the electric vehicle maker seeks to reverse falling sales and waning market share amid rising global competition.<\/p>\n

Chief Executive Elon\u00a0Musk\u00a0for years has promised mass market vehicles, though last year he canceled plans to build an all-new $25,000 EV, Reuters first reported. The car expected this week is an “affordable” vehicle based on current manufacturing and design platforms.<\/p>\n

Tesla posted two clips on X over the weekend, igniting excitement among Tesla fans. One video shows headlights peering out of the dark and another shows what looks like a wheel spinning for a few seconds, followed by “10\/7”, the\u00a0US\u00a0format for the date October 7.<\/p>\n

Neither Tesla nor influencers have indicated that an in-person event is in the works, in contrast to previous major Tesla launches. Still, analysts, investors and fans expect\u00a0the company to make some kind of announcement.<\/p>\n

Major questions include the\u00a0car’s price, driving range and efforts to strip down costs.\u00a0Late last year,\u00a0Musk\u00a0said the vehicle would be priced below the “key threshold” of $30,000 including US\u00a0EV tax credits.<\/p>\n

In the United States, prices effectively rose by $7,500 at the end of last month, when the credit ended. That helped goose quarterly sales\u00a0to a record, but expectations are that they will slow down for the rest of the year, unless the affordable car comes to the rescue.<\/p>\n

“The desire to buy the car is very high. (It’s)\u00a0just\u00a0(that) people don’t have enough money in the bank account to buy it,”\u00a0Musk\u00a0said in July during Tesla’s second-quarter earnings call.\u00a0“So the more affordable we can make the car, the better.”<\/p>\n

Musk\u00a0initially promised that production of the vehicle\u00a0would start\u00a0by the end of June. But\u00a0Tesla\u00a0only made\u00a0what it called “first builds”\u00a0of the car, it said in July,\u00a0adding that it would be available for customers sometime in the last three months of the year.<\/p>\n

Tesla has already been grappling with slowing sales of its aging lineup\u00a0as competition has grown rapidly,\u00a0especially in China and Europe, where\u00a0Musk’s far-right political views also have undermined brand loyalty.<\/p>\n

Earlier this year, Tesla launched a refreshed version of the Model Y with improvements including new light bars and a rear touchscreen.<\/p>\n

Musk\u00a0has been pivoting the company toward\u00a0artificial intelligence, focusing on robotaxis and humanoid robots. Tesla has said it will launch more affordable vehicles in its lineup but has not provided details. Sources have told Reuters the EV maker also plans to roll out a stripped down version of its Model 3\u00a0midsize sedan.<\/p>\n

Affordable cars will also be key to Tesla delivering 20 million vehicles over the next decade – one of the several operational and valuation milestones set by the company’s board as part of its proposed $1 pay package for\u00a0Musk.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Tesla (TSLA.O) is expected to unveil on Tuesday a more affordable version of its best-selling Model Y SUV, as the electric vehicle maker seeks to reverse falling sales and waning market share amid rising global competition. Chief Executive Elon\u00a0Musk\u00a0for years has promised mass market vehicles, though last year he canceled plans to build an all-new […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-22345","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/22345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22345"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/22345\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}