{"id":297951,"date":"2025-03-16T13:14:00","date_gmt":"2025-03-16T20:14:00","guid":{"rendered":"https:\/\/sftarticles.wpenginepowered.com\/en\/?p=297951"},"modified":"2025-07-01T15:09:35","modified_gmt":"2025-07-01T22:09:35","slug":"tesla-to-launch-affordable-electric-vehicle-based-on-model-y","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/tesla-to-launch-affordable-electric-vehicle-based-on-model-y\/","title":{"rendered":"Tesla to launch affordable electric vehicle based on Model Y"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Tesla is gearing up to <a href=\"https:\/\/en.softonic.com\/articles\/tesla-has-just-launched-its-cheapest-electric-to-date-the-model-y\" target=\"_blank\" rel=\"noopener\" title=\"introduce a new range of more affordable electric vehicles\">introduce a new range of more affordable electric vehicles<\/a>, starting with a model based on the popular Model Y.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reports indicate that production for this lower-priced variant is set to take place at Gigafactory Shanghai.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>This development follows CEO Elon Musk&#8217;s decision to cancel plans for two previously announced budget models<\/strong>, codenamed NV91 and NV92, due to lackluster demand for existing Tesla offerings.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Affordable <a href=\"https:\/\/twitter.com\/hashtag\/Tesla?src=hash&amp;ref_src=twsrc%5Etfw\">#Tesla<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ModelQ?src=hash&amp;ref_src=twsrc%5Etfw\">#ModelQ<\/a> won\u2019t feel cheap; aims for better space &amp; appeal, states Franz von Holzhausen <a href=\"https:\/\/t.co\/3aKK2d3GnF\">https:\/\/t.co\/3aKK2d3GnF<\/a> <a href=\"https:\/\/t.co\/si6aEG9Xjl\">pic.twitter.com\/si6aEG9Xjl<\/a><\/p>&mdash; TheTeslaLife (@TheTeslaLife) <a href=\"https:\/\/twitter.com\/TheTeslaLife\/status\/1898591192553509256?ref_src=twsrc%5Etfw\">March 9, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The anticipated price point for this budget model is around $35,000<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">According to sources, the upcoming Model Y iteration will adhere to a &#8220;depopulation&#8221; strategy, simplifying its design by removing certain features while retaining core functionality.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Similar to the streamlined Model 3 introduced in Mexico last year, this new vehicle will likely forgo elements such as the second-row screen and ambient lighting, offering a more basic interior while still operating on the established Model 3 and Model Y platform.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The anticipated price point for this budget model is around $35,000,<strong> making it approximately $4,000 less expensive than the existing Model 3.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The launch timeline for Tesla&#8217;s budget Model Y appears tentative, hinging on the sales performance of the refreshed Model Y. If the new variant underperforms in the market, the release of the lower-cost vehicle could be postponed until the latter half of the year.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"New Tesla Model Y: What have they done?\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/pgvEnDkNUfg?start=1&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>However, experts warn that this move could cannibalize sales from the current Model 3 and Model Y,<\/strong> potentially impacting Tesla\u2019s gross margins, which have already tightened considerably over the past two years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tesla&#8217;s production lines, particularly for the Model 3 and Model Y, have been underutilized, prompting the company to pivot towards a simplified strategy aimed at maximizing output. While the more affordable vehicle could attract a wider customer base,<strong> it reflects a critical shift in Tesla&#8217;s approach to market demand and production efficiency<\/strong>, from Musk\u2019s previous belief that a lower-priced model was unnecessary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla is gearing up to introduce a new range of more affordable electric vehicles, starting with a model based on the popular Model Y. Reports indicate that production for this lower-priced variant is set to take place at Gigafactory Shanghai. This development follows CEO Elon Musk&#8217;s decision to cancel plans for two previously announced budget &hellip; <a href=\"https:\/\/cms-articles.softonic.io\/en\/tesla-to-launch-affordable-electric-vehicle-based-on-model-y\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tesla to launch affordable electric vehicle based on Model Y&#8221;<\/span><\/a><\/p>\n","protected":false},"author":9317,"featured_media":297959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wpcf-pageviews":0},"categories":[1015],"tags":[8319,1471],"usertag":[],"vertical":[],"content-category":[6849],"class_list":["post-297951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ev","tag-tesla","content-category-lifestyle"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/297951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/users\/9317"}],"replies":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/comments?post=297951"}],"version-history":[{"count":1,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/297951\/revisions"}],"predecessor-version":[{"id":308824,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/297951\/revisions\/308824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media\/297959"}],"wp:attachment":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media?parent=297951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/categories?post=297951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/tags?post=297951"},{"taxonomy":"usertag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/usertag?post=297951"},{"taxonomy":"vertical","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/vertical?post=297951"},{"taxonomy":"content-category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/content-category?post=297951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}