Close Menu
Global News HQ
    What's Hot

    Hong Kong’s Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players – Decrypt

    June 30, 2025

    Wordle today: Answer, hints for June 30, 2025

    June 30, 2025

    The Trade Desk: Strong Buy On Kokai’s Transformative Impact (NASDAQ:TTD)

    June 30, 2025
    Recent Posts
    • Hong Kong’s Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players – Decrypt
    • Wordle today: Answer, hints for June 30, 2025
    • The Trade Desk: Strong Buy On Kokai’s Transformative Impact (NASDAQ:TTD)
    • A NYC Heat Wave and 100+ Degrees In Vegas Were No Match for This Tinted Sunscreen
    • Warren Buffett’s Largest Donation Ever Reveals a Lesson Every Leader Should Learn
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Hong Kong’s Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players – Decrypt
    • Wordle today: Answer, hints for June 30, 2025
    • The Trade Desk: Strong Buy On Kokai’s Transformative Impact (NASDAQ:TTD)
    • A NYC Heat Wave and 100+ Degrees In Vegas Were No Match for This Tinted Sunscreen
    • Warren Buffett’s Largest Donation Ever Reveals a Lesson Every Leader Should Learn
    • H1 2025 Hacks Hit $2.1B Record, Led by North Korean Actors: Report
    • One of the World’s Largest Alcohol Companies Isn’t Giving Up on Wine
    • SCOTUS Decision on Nationwide Injunctions: Trump v. Casa and Its Impact on Federal Litigation
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Automotive (Car Deals & Maintenance) - Report: Tesla Delays Cheaper Model Y – Kelley Blue Book
    Automotive (Car Deals & Maintenance)

    Report: Tesla Delays Cheaper Model Y – Kelley Blue Book

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Report: Tesla Delays Cheaper Model Y – Kelley Blue Book
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Tesla, with an earnings report looming tomorrow, appears to have delayed yet again its efforts to produce a vehicle less expensive than its current lineup. According to media reports, the company will not produce an inexpensive version of its best-selling Model Y SUV as soon as planned.

    Reuters was first with the news, citing “three sources with knowledge of the matter.”

    Reuters says the planned model isn’t dead. However, production will begin “at least a few months later than outlined in Tesla’s public plan.” Sources offered “a range of revised targets from the third quarter to early next year.”

    Sales Slumping Now, But Peak Came Two Years Ago

    Tesla has endured a worldwide sales slump early in 2025, with CEO Elon Musk’s involvement in politics in multiple countries triggering controversy unprecedented for an automaker. Protesters now routinely appear at Tesla storefronts and factories in the U.S. and Germany.

    However, Tesla’s sales decline began earlier than Musk’s White House prominence. Tesla sales peaked in February of 2023 and have never recovered. Even apart from Musk’s contentious image, Tesla suffers from an aging product lineup and intensifying competition as nearly every other automaker on the planet goes electric.

    Inexpensive Models Have Proven Elusive for Tesla

    The company followed a simple business model for most of its existence, but deviated from it after 2023.

    Tesla began by building expensive luxury cars like the Model S sedan and Model X SUV, then introduced more mainstream models like the Model 3 and Model Y. Sales of higher-priced models paid for research, development, and tooling for less costly cars.

    The plan long called for a car with a roughly $25,000 price tag, the Model 2. But Musk canceled Model 2 development last year. He focused the company instead on a Robotaxi and further development of its automation software.

    Musk took to telling investors Tesla was now an automation company, not a car company. He opened its walled-garden charging network to use by other brands, ending a key sales advantage Tesla once held over other electric vehicle (EV) makers.

    Rumors said the company would still aim to produce a less-expensive model by modifying its Model Y to use a lower-range lithium iron phosphate battery. This model is sometimes called the Model Q, though the company has never confirmed that moniker.

    A Cheaper Tesla Is Still Possible

    At least one lower-cost car may still be in the works. Carscoops reports, “plans are underway to introduce a stripped-down Model 3 to the market as well. While details remain unclear, this more basic version will likely be based on the rear-wheel-drive model.”



    Source link

    2026Tesla Model Y
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleHow the Associate in Claims title can boost your insurance career
    Next Article Bitcoin Tax Strategies For A Runaway Fiscal Train

    Related Posts

    Study: Lexus, Nissan Top Initial Quality Study

    June 27, 2025

    Ford, Lincoln Recall 300,000 Vehicles Over Unsecured Rear Seats

    June 27, 2025

    Ford Issues Do Not Drive Warning, Recall for Some Super Duty Trucks

    June 27, 2025

    Volvo Recalls 14,000 Vehicles Over Brake Failure

    June 27, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Cryptocurrency & Blockchain
    3 Mins Read

    Hong Kong’s Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players – Decrypt

    In brief New rules are set to take effect in August, requiring licenses for fiat-referenced…

    Wordle today: Answer, hints for June 30, 2025

    June 30, 2025

    The Trade Desk: Strong Buy On Kokai’s Transformative Impact (NASDAQ:TTD)

    June 30, 2025

    A NYC Heat Wave and 100+ Degrees In Vegas Were No Match for This Tinted Sunscreen

    June 30, 2025
    Top
    Cryptocurrency & Blockchain
    3 Mins Read

    Hong Kong’s Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players – Decrypt

    In brief New rules are set to take effect in August, requiring licenses for fiat-referenced…

    Wordle today: Answer, hints for June 30, 2025

    June 30, 2025

    The Trade Desk: Strong Buy On Kokai’s Transformative Impact (NASDAQ:TTD)

    June 30, 2025
    Our Picks
    Cryptocurrency & Blockchain
    3 Mins Read

    Hong Kong’s Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players – Decrypt

    In brief New rules are set to take effect in August, requiring licenses for fiat-referenced…

    Technology & Gadgets
    3 Mins Read

    Wordle today: Answer, hints for June 30, 2025

    Oh hey there! If you’re here, it must be time for Wordle. As always, we’re…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version