business / news / / CNBC TV18
Tesla is developing a smaller cheaper compact electric SUV, likely built in Shanghai then US and Europe, aiming below Model 3 price and designed for future driverless use.
Tesla is developing a new compact electric SUV, distinct from the Model 3 or Y.
KEY POINTS
- The new SUV will be about 4.28 meters long and produced first in Shanghai.
- Tesla aims to price the SUV below the Model 3, using a smaller battery and single motor.
- The vehicle is designed for future driverless use but will retain human driving controls.
- Production has not been greenlit and is unlikely to begin before 2025.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →