Tesla is pushing again the promised launch of a extra reasonably priced EV by months, in response to a report from Reuters. The brand new mannequin, which is supposedly a really stripped-down Mannequin Y, was presupposed to debut within the first half of this yr however now won’t come till late 2025 or early 2026, states the report.
This all comes as Tesla’s gross sales are tumbling in lots of components of the world because of a mixture of an getting old lineup of automobiles, Musk’s far-right politics and involvement within the U.S. authorities, and the underperformance of the Cybertruck.
CEO Elon Musk first teased the idea of constructing a $25,000 Tesla on the firm’s “Battery Day” occasion in 2020. Tesla was creating a brand new platform that might be 50% cheaper to construct, which it deliberate to make use of to energy this new mannequin, usually colloquially known as the “Mannequin 2,” in addition to the corporate’s mythic robotaxi.
However Musk in the end killed the concept of constructing a drivable automotive on the brand new platform. As an alternative, he reportedly pivoted Tesla towards creating lower-cost variations of the Mannequin Y SUV and Mannequin 3 sedan.