Reported 1 day ago
Tesla is set to launch a lower-cost version of the Model Y as it navigates the expiration of US federal electric vehicle incentives. The new entry-level Model Y will feature reduced specifications and utilize less expensive materials to maintain affordability. Production of this variant began in June, but scaling was delayed until the end of the incentives. Despite achieving record quarterly deliveries, Tesla's executives have warned of potential challenges ahead as demand may dip following the tax credit expiration.
Source: YAHOO