The electrical carmaker deliberate to roll out its lower-cost Model Y, recognized internally as E41, within the first half of the 12 months. Now manufacturing might be pushed again by no less than three months, folks with information of the matter advised Reuters. The information outlet did not cite a purpose for the delay.
The information of the setback comes forward of the carmaker’s hotly anticipated earnings name Tuesday, the place the plans for its latest automobiles might be scrutinized by traders.
The cheaper mass-market EVs are a significant focus for the corporate following the carmaker’s weakest quarterly automobile gross sales since 2022. In the primary quarter, its deliveries fell to a three-year low, and its market share has fallen from over 75% in 2022 to beneath 50% as of 2024.
Tesla’s earnings may additionally stress Chief Executive Officer Elon Musk to handle criticism that his political involvement, together with his contentious dismantling of federal companies, will hold hurting his enterprise.
Tesla did not instantly reply to a request for remark.
© 2025 Bloomberg L.P.
