Tesla Teases Affordable EV Launch at October 7 Event Following Record Quarterly Deliveries

Oct 06, 2025 04:43 pm CST

Tesla has announced an October 7 event expected to showcase a more affordable electric vehicle model, potentially a lower-cost Model Y variant that's 20% cheaper to produce. This strategic move follows record quarterly deliveries and comes just after the expiration of the $7,500 U.S. EV tax credit, potentially signaling a shift in Tesla's pricing strategy to maintain sales momentum.