Overview

• Tesla posted two official teasers on X showing a spinning component and a headlight signature with the date 10/7, signaling a Tuesday unveiling.
• Multiple outlets report the event is expected to introduce a cheaper Model Y, citing recent uncovered prototypes near Giga Texas and influencer visits to the factory.
• Leaked images and code indicate cost-cutting changes such as a closed glass roof, smaller 18-inch wheels or wheel covers, fewer speakers, manual controls, and the removal of the second-row screen.
• Tesla previously said it completed first builds of the lower-cost Model Y and planned Q4 sales with a slower ramp, with reporting suggesting roughly 20% lower production cost and potential U.S. volume reaching about 250,000 units in 2026.
• Pricing around $39,990 has been reported but not confirmed, and the push toward a lower entry point follows the Sept. 30 expiration of the $7,500 U.S. EV tax credit.