The car manufacturer has been coy on details about its new affordable models
A new report says that Tesla 's upcoming affordable models will be heavily based on the Model 3 and Model Y. Tesla confirmed that they'll use an existing platform and existing production line for new entry-level EV By using existing tech, Tesla says it'll allow them to launch lower-cost models more quickly Tesla is cooking up more affordable models, but these vehicles are not expected to use ground-up new platforms but instead serve as incrementally improved versions of existing cars.
Read: Tesla Posts Largest Revenue Dip Since 2012, Yet Shares Surge On ‘Affordable Model’ News A new report from Reuters now claims that Tesla's upcoming affordable models are basically stripped-down versions of the Model 3 and Model Y. “We see it as more likely that Tesla will attempt to launch stripped-down versions of the Model 3 and Y as lower-cost models, however, we are unclear on how much cost Tesla can realistically take out,” Bernstein analyst Toni Sacconaghi said.
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