Tesla anticipated to unveil lower-cost Mannequin Y in push to reignite gross sales – One America Information Community

[ad_1] By Abhirup RoyOctober 6, 2025 – 9:08 PM PDT

<img decoding="async" width="800" height="532" src="https://www.oann.com/wp-content/uploads/2025/10/4YAFE2NXBVJDBA6O4PQFGT3JRM-copy.webp" alt="Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS" class="wp-image-725166" srcset="https://www.oann.com/wp-content/uploads/2025/10/4YAFE2NXBVJDBA6O4PQFGT3JRM-copy.webp 800w, https://www.oann.com/wp-content/uploads/2025/10/4YAFE2NXBVJDBA6O4PQFGT3JRM-copy-400x266.webp 400w, https://www.oann.com/wp-content/uploads/2025/10/4YAFE2NXBVJDBA6O4PQFGT3JRM-copy-768x511.webp 768w" sizes="(max-width: 800px) 100vw, 800px"/> Mannequin Y automobiles throughout the opening ceremony of the brand new Tesla Gigafactory for electrical automobiles in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool by way of REUTERS

(Reuters) – Tesla (TSLA.O) is predicted to unveil on Tuesday a extra reasonably priced model of its best-selling Mannequin Y SUV, as the electrical car maker seeks to reverse falling gross sales and waning market share amid rising international competitors.

Chief Govt Elon Musk for years has promised mass market automobiles, although final yr he canceled plans to construct an all-new $25,000 EV, Reuters first reported. The automotive anticipated this week is an “reasonably priced” car primarily based on present manufacturing and design platforms.

Tesla posted two clips on X over the weekend, igniting pleasure amongst Tesla followers. One video exhibits headlights peering out of the darkish and one other exhibits what appears to be like like a wheel spinning for just a few seconds, adopted by “10/7”, the U.S. format for the date October 7.

Neither Tesla nor influencers have indicated that an in-person occasion is within the works, in distinction to earlier main Tesla launches. Nonetheless, analysts, traders and followers count on the corporate to make some type of announcement.

Main questions embody the automotive’s worth, driving vary and efforts to strip down prices. Late final yr, Musk mentioned the car can be priced beneath the “key threshold” of $30,000 together with U.S. EV tax credit.

Commercial

In america, costs successfully rose by $7,500 on the finish of final month, when the credit score ended. That helped goose quarterly gross sales to a file, however expectations are that they'll decelerate for the remainder of the yr, except the reasonably priced automotive involves the rescue.

“The will to purchase the automotive could be very excessive. (It’s) simply (that) folks don’t manage to pay for within the checking account to purchase it,” Musk mentioned in July throughout Tesla’s second-quarter earnings name. “So the extra reasonably priced we will make the automotive, the higher.”

Musk initially promised that manufacturing of the car would begin by the tip of June. However Tesla solely made what it referred to as “first builds” of the automotive, it mentioned in July, including that it could be out there for patrons someday within the final three months of the yr.

Tesla has already been grappling with slowing gross sales of its getting old lineup as competitors has grown quickly, particularly in China and Europe, the place Musk’s far-right political beliefs even have undermined model loyalty.

Earlier this yr, Tesla launched a refreshed model of the Mannequin Y with enhancements together with new mild bars and a rear touchscreen.

Musk has been pivoting the corporate towards synthetic intelligence, specializing in robotaxis and humanoid robots. Tesla has mentioned it can launch extra reasonably priced automobiles in its lineup however has not supplied particulars. Sources have informed Reuters the EV maker additionally plans to roll out a stripped-down model of its Mannequin 3 midsize sedan.

Reasonably priced automobiles can even be key to Tesla delivering 20 million automobiles over the following decade – one of many a number of operational and valuation milestones set by the corporate’s board as a part of its proposed $1 trillion pay bundle for Musk.