The electric car maker Tesla apparently plans a new version of the Model Y, which should cost significantly less in production. The Stromer should also become cheaper for customers. There are apparently already specific plans for the Chinese market, but the cheaper model Y is ultimately also available in Europe and North America.
• Tesla wants to build cheaper Model Y in Shanghai
• Cost savings are aimed at at least 20 percent
• cheaper variants of well-known models instead of completely new electric cars
Like three insiders to the news agency “Reuters”, Plane Tesla, 2026 to start mass production of a more cost -effective version of Model Y in his work in Shanghai. The electric car, which bears the project code name “E41”, should be built on the existing manufacturing streets and saved at least 20 percent in production in the current, recently redesigned version of the Model Y. To achieve this, according to “Reuters” it should be smaller than the current model Y Juniper, which has been delivered in China since the end of February. The Chinese news portal “36Kr”, which had previously reported on Tesla’s plans, also writes that the cheaper model Y will not experience any significant changes compared to the current model for battery, drive, chassis and others. The planned cheaper Tesla should be developed with the “Depop” method, according to “36KR”, which aimed to quickly launch products by simplifying the configurations in the event of unchanged main functions.
Model Y in China is currently available upwards from 263,500 Yuan (approx. $ 36,330 or $ 33,660). How much the cheaper model Y will ultimately cost in retail is not known, but the price could fall to 210,800 yuan (approx. 29,060 US dollars or $ 26,930) or less if the at least 20 percent cost savings are passed on to the buyer without discounts and Tesla does not turn on its profit margin.
Tesla is under pressure in China due to increasing competition
The cheaper Model Y from the Shanghai factory are mainly intended for the Chinese market and are intended to help Tesla defend its market shares in China, the insiders said to “Reuters”. However, Tesla is also planning to produce the cheaper electricity in Europe and North America, but the source did not give any specific times to the news agency here.
The Model Y was the best-selling electric car in China in 2023 and 2024, but the competition is increasing. As early as 2024, Tesla’s market share in the e-car segment fell from 11.7 percent to only 10.4 percent. Chinese manufacturers such as BYD in particular offer cheap electric vehicles with modern technology, which increases the price pressure on Tesla. According to “Investor’s Business Daily”, the competition in the price range under 200,000 Yuan in the Middle Kingdom is particularly hard, since manufacturers have made advanced driver assistance systems for standard equipment at electric cars – in the case of BYD even in some models below 100,000 yuan. Tesla now apparently wants to get involved in this area with the cheaper model y, since according to “Reuters” the Chinese market is becoming increasingly important for Tesla due to the falling sales in Europe and the USA.
As “36KR” reports, the cheaper model Y in China could even be introduced before the start of mass production actually targeted in 2026 if the response to the new model Y Juniper does not fold as much as desired. So far, Tesla has received around 200,000 pre -orders, but most of them can be canceled with “repayable down payment”, according to the news page. If the Model Y Juniper does not sell as well as hoped, a market launch of the cheaper model Y would be conceivable in the second half of 2025.
Tesla works on cheaper e-cars
However, it is not new that Tesla works on cheaper electric cars and also tries to reduce production costs. During the balance sheet template in January, the company announced that material and labor costs had fallen up to the lowest level ever in the fourth quarter. According to “Reuters” calculations, the production costs per vehicle fell from $ 39,000 to around $ 33,000 two years ago. Tesla CEO also terminated Elon Musk Also in January that Tesla wanted to introduce cheaper models in 2025, but gave no further details.
However, Tesla fans are no longer allowed to hope for a completely new, cheap e-car from Tesla, for which the name “Model 2” circulated in the media. Instead, the electric car maker now seems to focus on cheaper variants of existing models. According to “Investor’s Business Daily”, Tesla had launched a cheaper Model 3 in Mexico last year. In this, the screens in the second row of seats and the ambient lighting were canceled and fabric is used in the interior instead of vegan leather, according to the news portal. These changes would be reflected in a price saving for the buyer of $ 4,000.
The same should now be done with the cheaper model Y and delete some luxury. However, whether this strategy will open and Tesla will be able to increase its competitiveness in China and will be able to increase worldwide again.
Editor finance.net
By the way: Tesla and other US shares are even tradable at Finance.net Zero until 11 p.m. (without order fees, plus spreads). Open Depot now for free And receive a free stock as a gift.
Selected leverage products on BYD
With knock-outs, speculative investors can participate disproportionately in price movements. Simply choose the desired lever and we show you suitable open-end products on BYD
The lever must be between 2 and 20
Advertising