jetcityimage/iStock Editorial via Getty Images Tesla ( TSLA ) is developing a smaller, lower-cost electric SUV, Reuters reported, citing four people familiar with the matter. The project is still in early stages, and it’s unclear whether Tesla has approved it for production. The company has recently approached suppliers to discuss details of the plan, the people said. The talks revolved around the...
jetcityimage/iStock Editorial via Getty Images Tesla ( TSLA ) is developing a smaller, lower-cost electric SUV, Reuters reported, citing four people familiar with the matter. The project is still in early stages, and it’s unclear whether Tesla has approved it for production. The company has recently approached suppliers to discuss details of the plan, the people said. The talks revolved around the manufacturing process and specifications for various components for the compact SUV, which would be a standalone model rather than a variant of the Model 3 or Model Y. Sources added the compact SUV is likely to be built in China initially, with potential expansion to the U.S. and Europe. The vehicle is expected to be shorter than the Model Y and priced substantially lower than its entry-level Model 3 sedan, which starts at $34,000 in China and about $37,000 in the U.S, two of the sources said. The effort follows a decision by CEO Elon Musk to scrap a planned low-cost EV in 2024 and shift focus toward robotaxis and humanoid robots. It’s unclear if this smaller SUV marks a return to mass-market, human-driven EVs or fits into Tesla’s longer-term push toward fully autonomous vehicles. According to a source and a Tesla employee with knowledge of its current product philosophy, the new model could serve both purposes. The Tesla employee declined to confirm or deny details of any specific vehicle but said, in general, the automaker now aims to build models that would be driverless but offer a human-driven option. TSLA shares were up +0.56% premarket at $345.17. Shares have fallen nearly -24% YTD. More on Tesla Tesla: Time To Dump Shares Tesla Won't Crash Anytime Soon Tesla Q1 2026 Deliveries Strengthen The Bearish Outlook What’s next for Tesla after a disappointing EV delivery report SA analyst upgrades/downgrades: TSLA, NVO, MSFT, AEO
jetcityimage/iStock Editorial via Getty Images Tesla ( TSLA ) is developing a smaller, lower-cost electric SUV, Reuters reported, citing four people familiar with the matter. The project is still in early stages, and it’s unclear whether Tesla has approved it for production. The company has recently approached suppliers to discuss details of the plan, the people said. The talks revolved around the...
jetcityimage/iStock Editorial via Getty Images Tesla ( TSLA ) is developing a smaller, lower-cost electric SUV, Reuters reported, citing four people familiar with the matter. The project is still in early stages, and it’s unclear whether Tesla has approved it for production. The company has recently approached suppliers to discuss details of the plan, the people said. The talks revolved around the manufacturing process and specifications for various components for the compact SUV, which would be a standalone model rather than a variant of the Model 3 or Model Y. Sources added the compact SUV is likely to be built in China initially, with potential expansion to the U.S. and Europe. The vehicle is expected to be shorter than the Model Y and priced substantially lower than its entry-level Model 3 sedan, which starts at $34,000 in China and about $37,000 in the U.S, two of the sources said. The effort follows a decision by CEO Elon Musk to scrap a planned low-cost EV in 2024 and shift focus toward robotaxis and humanoid robots. It’s unclear if this smaller SUV marks a return to mass-market, human-driven EVs or fits into Tesla’s longer-term push toward fully autonomous vehicles. According to a source and a Tesla employee with knowledge of its current product philosophy, the new model could serve both purposes. The Tesla employee declined to confirm or deny details of any specific vehicle but said, in general, the automaker now aims to build models that would be driverless but offer a human-driven option. TSLA shares were up +0.56% premarket at $345.17. Shares have fallen nearly -24% YTD. More on Tesla Tesla: Time To Dump Shares Tesla Won't Crash Anytime Soon Tesla Q1 2026 Deliveries Strengthen The Bearish Outlook What’s next for Tesla after a disappointing EV delivery report SA analyst upgrades/downgrades: TSLA, NVO, MSFT, AEO