Tesla reportedly working on new affordable SUV

Tesla is reportedly developing a new, smaller, and more affordable electric SUV. This indicates the company is continuing its efforts to expand its lineup and reach a broader market. If produced, this model would give cost-conscious consumers and enthusiasts a more accessible entry point into the Tesla brand.

April 09, 2026

Model 3/Y

Tesla developing small, affordable SUV, report claims

Apr 09

Latest

Tesla is un-canceling its plan to build a smaller, cheaper EV: report

Apr 09

Model 3/Y

Tesla (TSLA) reportedly developing new smaller, cheaper EV after killing Model 2

Apr 09

#Affordable EV

5 articles

Model 3/Y • Mar 24, 2026

Project Redwood: Why the 'Terafab' Announcement Changes Everything for the $30,000 Tesla

Tesla has announced "Terafab," a new manufacturing system for its upcoming affordable compact car, Project Redwood. This system is designed to dramatically reduce production costs, making the long-awaited $30,000 Tesla model more viable. For owners and enthusiasts, this signals a major step toward a truly mass-market electric vehicle and greater strategic independence for the company.