Model 3/Y

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

Tesla is reportedly developing a new compact, affordable electric SUV, reversing its earlier decision to cancel a budget-friendly car. The vehicle is expected to be produced in Shanghai and priced significantly lower than the current Model 3. This signals a renewed push for a mass-market Tesla, which could make its EVs accessible to a wider range of buyers.