Tesla is reportedly working on a new, smaller, and more affordable electric vehicle (EV) in a bid to expand its market reach and compete with emerging rivals. According to sources, the new model is expected to be a departure from the company's current lineup, which has been dominated by larger, pricier vehicles such as the Model S and Model X. The move comes after Tesla's decision to discontinue the Model 2, a smaller and more affordable EV that was initially seen as a potential game-changer in the market. With the new model, Tesla aims to tap into the growing demand for compact and budget-friendly EVs, potentially targeting first-time buyers and those in emerging markets.
Tesla (TSLA) reportedly developing new smaller, cheaper EV after killing Model 2 Electrek
