By Xavier Rivera· ·1 min read
Tesla Reportedly Developing Compact, Cheaper EV After Model 2 Axing
Tesla is reportedly developing a new compact electric SUV for its Shanghai factory, priced well below the Model 3. The move follows Elon Musk's cancellation of the affordable EV program two years ago, aiming for a smaller, lighter vehicle with reduced range and a single motor.
Source:Electrek
Tesla is reportedly developing an all-new smaller, cheaper electric SUV, two years after CEO Elon Musk killed the company's affordable EV program and called building cars for human drivers 'pointless.'
Reuters reports that four people familiar with the matter say the new compact SUV would be produced at Tesla's Shanghai factory, priced substantially below the Model 3's $34,000 starting price in China and $37,000 in the US.
The vehicle would measure 4.28 meters (about 14 feet) in length, significantly shorter than the Model Y's 4.75 meters (15.7 feet), and weigh approximately 1.5 metric tons compared to the Model Y's 2 metric tons.
To achieve the lower price, Tesla plans a smaller battery pack, resulting in less range than the Model Y's 306-to-327-mile rating, and a single electric motor rather than the dual-motor setup in current models.
Reuters sources describe it as an entirely new vehicle, not a variant of the existing Model 3 or Model Y.
Reuters reports that four people familiar with the matter say the new compact SUV would be produced at Tesla's Shanghai factory, priced substantially below the Model 3's $34,000 starting price in China and $37,000 in the US.
The vehicle would measure 4.28 meters (about 14 feet) in length, significantly shorter than the Model Y's 4.75 meters (15.7 feet), and weigh approximately 1.5 metric tons compared to the Model Y's 2 metric tons.
To achieve the lower price, Tesla plans a smaller battery pack, resulting in less range than the Model Y's 306-to-327-mile rating, and a single electric motor rather than the dual-motor setup in current models.
Reuters sources describe it as an entirely new vehicle, not a variant of the existing Model 3 or Model Y.
TeslaEVElon Musk