Part 5/15:
Reuters reports that Tesla aims to produce the most affordable Model Y at least 20% cheaper by leveraging existing production facilities. By 2026, the company expects to build these compact, lower-cost versions in Shanghai, Europe, and North America, adapting existing lines under project code E41.
While exact timelines are fluid, the key takeaway is that Tesla is planning to introduce smaller, more affordable variants, possibly with fewer luxuries—such as omitted heated or ventilated seats and simpler interior tech—to maintain affordability. This development aligns with Tesla’s broader strategy to diversify its offerings and capture more market segments globally.