🚨NEWS: $TSLA DEVELOPING NEW SMALLER, CHEAPER EV SUV • Tesla is developing an all-new compact electric SUV, according to four people familiar with the matter. • The vehicle is not a variant of the Model 3 or Model Y. ✅ Key Details • Length: approximately 4.28 meters (14 feet)... — significantly shorter than the Model Y (about 15.7 feet). • Planned production locations: primarily China (Shanghai factory), with potential expansion to the United States and Europe. • Expected pricing: substantially lower than the entry-level Model 3 (which starts at ~$37,000 in the US and $34,000 in China). ✅ Design Approach • Smaller battery for cost reduction (resulting in shorter range than the Model Y’s 306–327 miles). • Single electric motor instead of dual motors. • Significantly lighter weight target (~1.5 metric tons vs. ~2 tons for Model Y). ✅ Strategic Context • This project comes after Elon Musk scrapped a previous low-cost EV plan in 2024 to focus on robotaxis and Optimus. • The new SUV could be offered in both fully autonomous and human-driven versions to suit different global markets and regulations. • The development is still in early stages, with production unlikely to start in 2026.show more

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