Tesla reportedly producing cheaper Model Y to boost sluggish sales in China
Tesla has plans to produce a low-cost version of its best-selling Model Y to boost sluggish sales in China, according to a report. The car will cost at least 20% less to produce than the version launched last year, and will be manufactured on existing production lines, sources with knowledge of the matter told Reuters.
Tesla Develops Cheaper Model Y in China to Battle Growing Competition
Teams at Tesla’s Shanghai plant are working to strip features from the current Model Y or simplify them so that the new model could be produced on existing manufacturing lines,
Tesla’s more ‘affordable’ EVs will probably just be cheaper Model Ys.
Tesla has been promising more affordable models as the thing that will help pull it out of its current rut. But a new report out of China (by way of Electrek) suggests that they’re likely to be stripped down Model Ys.
Tesla Working On A Cheaper Model Y For China
Tesla sold more than 657,000 vehicles in China, which was a new record for the company. However, sales have slowed in the first two months of 2025, and a cheaper Model
Tesla mulls low-cost Model Y to regain market share in China - report
In a bid to regain market share in China, Tesla (NASDAQ:TSLA) is reportedly developing a lower-cost version of its best-selling Model Y in Shanghai. Citing people with knowledge of the matter, Reuters reported that the new model will be more compact and at least 20% cheaper to manufacture than the refreshed Model Y,
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Tesla’s upcoming cheaper electric car is basically a stripped-down Model Y
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