Oct 5 (Reuters) - Tesla on Sunday teased an
October 7 event, as investors and analysts await a more
affordable model to sustain sales momentum.
In a nine-second video posted on social media platform X,
the Elon Musk-led automaker showed a vehicle with its headlights
illuminated in a dark setting. The company hinted at an event
scheduled for Tuesday in a separate video that had "10/7" at the
end.
Tesla has previously delayed rolling out a lower-cost
version of the Model Y in the United States. The company said in
June that it had made "first builds" of the vehicle, but would
start selling it in the fourth quarter and ramp up output slower
than planned.
The stripped-down version is designed to be roughly 20%
cheaper to produce than the refreshed Model Y and could scale to
about 250,000 units a year in the U.S. by 2026, sources told
Reuters earlier this year.
Tesla reported record quarterly deliveries for the three
months ended September, driven by a surge in EV purchases ahead
of the U.S. tax credit's expiration.
The teaser videos followed the expiration of a $7,500 U.S.
EV tax credit on September 30, a shift that could shape consumer
choices and prompt Tesla to recalibrate its pricing strategy.