Tesla launches cheaper Model Y vehicle in the US

Reuters

Tue, May 6, 2025, 6:19 PM 1 min read

(Reuters) - Tesla launched a cheaper mentation of its Model Y conveyance successful the United States connected Tuesday.

The caller agelong scope rear-wheel thrust mentation costs astir $44,990, earlier a $7,500 national taxation credit, the electrical conveyance maker's website showed. Including the taxation credit, the caller conveyance volition outgo $37,490.

Reuters antecedently reported that Tesla's plans for an affordable car included a stripped-down mentation of its best-selling electrical SUV, but the accumulation motorboat had been delayed.

Tesla's Model Y agelong scope all-wheel thrust mentation successful the U.S. did not spot immoderate outgo accommodation and is priced astatine $48,990.

Tesla's quarterly income plunged 13% to the weakest successful astir 3 years, wounded by a backlash against CEO Elon Musk's authorities and rising planetary competition.

The institution is scheduled to study second-quarter net successful July. (This communicative has been corrected to accidental that Tesla volition study second-quarter earnings, not third-quarter, and successful July, not connected July 23, successful paragraph 6)

(Reporting by Disha Mishra successful Bengaluru; Editing by Alan Barona)