Reported 2 days ago
Tesla is set to introduce a more affordable version of its popular Model Y SUV as part of its strategy to counteract declining sales and increasing competition. CEO Elon Musk had previously promised mass-market vehicles, and although plans for a $25,000 EV were scrapped, this new model aims to be priced below $30,000 with hopes of reigniting consumer interest. The company has been generating buzz with teasers on social media, while also addressing concerns over price and driving range in expectations for the upcoming announcement.
Source: YAHOO