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Tesla teases Tuesday event as focus shifts to affordable EVs
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Tesla teases Tuesday event as focus shifts to affordable EVs
Oct 5, 2025 10:38 PM

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.

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