Tesla finally makes move fans, and investors, have been waiting for
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Tesla is developing a new, affordable electric SUV for the mass market, with production planned in China and potential expansion to the US and Europe. The vehicle is expected to be cheaper than the current Model Y SUV and will be a key part of Tesla's efforts to turn around its struggling car business.
Tesla is working on a new electric SUV, with a length of over 18 inches shorter than the current Model Y. The vehicle will be produced in China, with potential expansion to the US and Europe. Tesla has contacted suppliers to discuss manufacturing logistics and specifications. The new SUV is expected to be cheaper than the Model Y, which currently has an MSRP of $39,990. Tesla's Shanghai factory saw production rise by nearly 9% year over year in the first quarter. The company is looking to rekindle the success of its Model 3 with this new vehicle.
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