business / news / / New York Post
Tesla is developing an all-new smaller, cheaper electric SUV, four people familiar with the matter told Reuters.
Tesla is developing a smaller, cheaper electric SUV, currently in early development stages.
KEY POINTS
- The new SUV is planned for production in Shanghai, with possible expansion to the US and Europe.
- Tesla aims to price the SUV below the Model 3, using a smaller battery and single motor.
- This project follows the cancellation of the $25,000 Model 2 and may signal a strategy shift.
- Tesla intends to design future models for both driverless and human-driven operation to suit global markets.
COMPANIES
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