Tesla is reportedly developing an all-new compact, lower-priced electric crossover about 14 feet long that the company plans to build in China, Europe and the United States, Reuters and anonymous sources said.
Two sources told Reuters Tesla aims to price the new model substantially below its entry-level Model 3 by using a smaller battery for a shorter driving range, offering a single-motor option and targeting weight near 1.5 metric tons versus about two tons for the Model Y.
Reuters reported in 2024 that Tesla had abandoned earlier plans for a Model 2, and Elon Musk, CEO of Tesla, said the company expected driverless robotaxis to replace the need for a $25,000 human-driven car.
A former Tesla manager told Reuters that an all-new, cheaper traditional car would represent a significant departure from company strategy through mid-2025, and Tesla later released stripped-down "standard" Model 3 and Model Y trims at only modest discounts.
This article is based on reporting from Jalopnik.
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