Tesla's New Budget Model Spotted in China Amid Cost-Cutting Push

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Source: Electrek
Tesla's New Budget Model Spotted in China Amid Cost-Cutting Push
Photo: Electrek
TL;DR

Tesla has been spotted testing a cheaper version of the Model Y in China, which appears to be a decontented, more affordable variant of the current model, with some interior and exterior features rolled back. Despite earlier promises of a new, budget-friendly Model 2, Tesla seems to be only offering a stripped-down Model Y, with no new models in sight, raising questions about the company's future EV plans and pricing strategies.

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