Business · 9 April 2026
Tesla plans smaller cheaper electric car model
Photo by Austin Ramsey on Unsplash
More affordable electric cars could widen access as prices remain high for many buyers. Tesla is developing a new smaller and cheaper electric vehicle, different from its current Model 3 and Model Y, according to sources. The model is expected to be about 4.28 metres long and built first in Shanghai, targeting a price below the current Model 3 range of $34,000 to $37,000.
Reported by Reuters · How we write briefs