Tesla To Delay New Model, Possibly Until Next Year

Reuters reports:

Tesla’s much-awaited plans for an affordable car include a stripped-down version of its best-selling electric SUV, the Model Y, that will be made in the United States, but the production launch has been delayed, three sources with knowledge of the matter told Reuters.

Tesla has promised affordable vehicles beginning in the first half of the year, offering a potential boost to flagging sales. Global production of the lower-cost Model Y, internally codenamed E41, is expected to begin in the United States, the sources said, but it would be at least months later than Tesla’s public plan, they added, offering a range of revised targets from the third quarter to early next year.

Read the full article. Industry analysts have partly blamed Tesla’s sagging stock on the lack on a new model, so this should make things worse. Good.

Exclusive: Tesla to delay US launch of affordable EV, a lower-cost Model Y, sources say – https://t.co/4ziVhwWsWD

— ken crichlow (@ken_crichlow) April 18, 2025