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Tesla Model 2

Tesla’s Entry EV Now Slated to Launch Production in June

Tesla’s Entry EV Now Slated to Launch Production in June

Better late than never? Tesla has spent years debating whether to add a more affordable EV to its existing line-up. It’s finally moving forward and, despite yet another delay, will finally add the vehicle to its line-up in June. Details have yet to be released but it’s expected to be a stripped-down version of Model Y starting at less than $30,000 — with a low-priced take on the Model 3 likely to follow. But will this draw in entirely new buyers or cannibalize sales of Tesla’s existing line-up? More from Headlight.News.

Tesla’s Affordable EV Once Again Delayed

Tesla’s Affordable EV Once Again Delayed

Tesla has long promised to deliver an “affordable” battery-electric vehicle, but the project has yet again been delayed, according to a new report. With competition coming in the under-$30,000 segment, the delay could add to Tesla’s woes as sales continue to sag, driving down both Tesla’s earnings and stock price. Headlight.News has more.

Tesla Model Q Could Be Tesla’s “Affordable” EV After All

Tesla Model Q Could Be Tesla’s “Affordable” EV After All

Tesla’s on-again/off-again effort to develop an affordable EV may be on again, at least according to a report by Deutsche Bank. It issued a new report claiming the automaker will launch a new vehicle that could come in under $30,000 in the U.S. — at least with the help of federal tax credits, though those may go underway when the Trump administration returns to the White House next year. Get details at Headlight.News.

Tesla’s Affordable EV Once Again Delayed

Tesla Kills Plan for Affordable EV

Tesla pulled the plug on a program aimed at developing a $25,000 EV, even as Chinese automakers led by BYD double down on bringing to market all-electric vehicles affordable often to reach mainstream buyers. According to Reuters, Tesla CEO Elon Musk now wants to focus on self-driving robocabs.

Ford CEO Farley Reveals “Skunkworks” Program Developing Low-Cost EV

Ford CEO Farley Reveals “Skunkworks” Program Developing Low-Cost EV

With EV sales growth flattening out, automakers are struggling to find ways to charge them back up. A critical step will require the launch of new, affordable models like the Model 2 Tesla reportedly is developing. During an earnings call, Ford CEO Jim Farley said he’s not planning to cede the market to his rival, revealing that the second-largest Detroit automaker has a “skunkworks” project underway to develop new EVs that could match, perhaps even undercut what Tesla is working on.