Tesla Plans to Unveil Cheaper Model Y

Vehicle Strategy - Tesla is reportedly releasing a more affordable Model Y by engineering cost out of the battery pack and motor [1] - The company aims to attract consumers priced out of existing models, especially with the $7,500 tax credit ending [3] - Elon Musk believes Tesla is on the cusp of making self-driving vehicles, questioning the need for a new affordable model to compete with cars like Corolla or Civic [5] Market Competition - The industry faces the challenge of unwinding tax credits [4] - Tesla faces competition from China, driving the need for a less costly EV [4] Earnings Call Insights - Executives discussed a more affordable Tesla on the recent earnings call [2] - The next earnings call will address the impact of the tax credit removal [4]