Overview

• Tesla posted two official teasers on X showing a spinning component and a headlight silhouette that end with the date 10/7.
• Multiple outlets report the reveal is likely a stripped‑down Model Y that cuts features to reduce price, including a metal roof in place of glass, simplified lighting, cloth seats, and no second‑row screen.
• Tesla said in June it completed “first builds” of the lower‑cost variant and plans customer sales in the fourth quarter with a slower‑than‑planned production ramp.
• Sources told Reuters the model targets roughly 20% lower manufacturing cost and could scale to about 250,000 U.S. units a year by 2026.
• The timing follows the lapse of the $7,500 U.S. EV credit that helped produce record Q3 deliveries, putting a spotlight on pricing, range, and an unveiling that is expected to be online with influencer previews reported near Giga Texas.