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1h ago

Tesla Signals Oct. 7 Reveal With Cheaper Model Y Expected

The expected lower-cost Model Y would target price-sensitive buyers after the U.S. tax credit expired.

Screenshot from the teaser.
New Tesla EV Unveil On October 7
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Overview

  • Tesla posted two official teasers on X pointing to an Oct. 7 announcement, including a headlights clip that resembles recent affordable Model Y prototypes seen near Giga Texas.
  • Multiple outlets report the reveal is expected to be a stripped-down Model Y designed to be about 20% cheaper to produce, with changes such as no glass roof, simplified lighting, and cloth seats.
  • Tesla said in June it completed “first builds” of the lower-cost variant and indicated sales would start in the fourth quarter, with pricing, range, and exact configurations still unconfirmed.
  • Analysts and sources estimate U.S. production could scale toward roughly 250,000 units by 2026 if demand materializes for the new entry version.
  • The teasers arrive after the $7,500 U.S. EV tax credit expired on Sept. 30, a shift expected to influence consumer demand and pricing, while online chatter still entertains alternative reveals like the Roadster.