Elon Musk’s Tesla hints at budget EV launch on October 7
Tesla has teased an October 7 event, fueling speculation about an affordable electric vehicle unveiling. The company is reportedly developing a Model Y variant 20% cheaper to produce, aiming for mass-market penetration by 2026. This move comes as the $7,500 U.S. EV tax credit expired, potentially accelerating Tesla's push for budget-friendly models.
Tesla has teased an October 7 event, fueling speculation about an affordable electric vehicle unveiling. The company is reportedly developing a Model Y variant 20% cheaper to produce, aiming for mass-market penetration by 2026. This move comes as the $7,500 U.S. EV tax credit expired, potentially accelerating Tesla's push for budget-friendly models.
