Latest news with #NV91
Hindustan Times
4 days ago
- Automotive
- Hindustan Times
Tesla's most affordable EV won't be a new model, but a stripped-down Model Y
Tesla CEO Elon Musk has confirmed that the long-rumoured affordable electric car from the brand will not come as a brand new model, but a stripped-down version of the Model Y crossover, which was launched in India earlier this month. Tesla CEO confirmed this during a shareholders' call, following the company's first build in June and a planned launch later this year. The most affordable Tesla EV has remained one of the most discussed topics in the world automotive community. Making it more topical are the slumping sales numbers of the automaker. In the recent past, Tesla has been sailing through troubled waters. This has made the case for a more affordable Tesla EV stronger. The auto company already revealed it is planning to launch an affordable electric vehicle. Now, Musk's confirmation has ended months of speculation. It was widely speculated that Tesla would unveil its most affordable electric car in the first half of 2025. However, that didn't materialise. Now, with Musk's confirmation, it seems the unveiling is likely to take place later this year. However, Tesla has not revealed any specific timeframe. Also, this follows the cancellation of two cheaper projects, NV91 and NV92, in early 2024, as Tesla shifted focus to utilise underused Model 3 and Model Y production lines amid demand challenges. A stripped-down Tesla Model Y: Why is it important for India? The upcoming most affordable Tesla EV is expected to come with a less premium interior. It will come sans the luxuries such as rear screens and use cheaper materials. aligning with the EV manufacturer's strategy to boost sales without investing in new architecture. Such cost-cutting moves will help Tesla reduce the cost of the electric car significantly. While globally, Tesla has been witnessing a slowdown in its sales numbers, even in China, India could play a key role in boosting the carmaker's retail figures. In that case, the new affordable Tesla could be the OEM's best bet to grab a sizeable chunk of the country's electric car market. Tesla has already started business operations in India. The OEM launched its first showroom in Mumbai and is gearing up to launch another in Delhi. The Model Y is currently being offered in the Indian market as a CBU product. Expect the upcoming affordable model to be introduced to the Indian market as well when Tesla launches it. Check out Upcoming EV Cars in India. First Published Date:
India.com
7 days ago
- Automotive
- India.com
Elon Musk's big bet! Tesla to bring ‘cheap' electric cars to increase…, know when will they be launched
Tesla's sales have been declining, and to counter this, the company is preparing to launch more affordable electric cars. After falling demand for Model 3 and Model Y, Tesla is facing challenges in markets like China and Europe. Production of the new, cheaper model is expected to begin in 2025. Tesla's sales are dropping, and to tackle this issue and boost overall sales, the company will enter the market with cheaper EVs. In its Q2 2025 financial results, Tesla informed investors that it had 'begun manufacturing a more affordable model in June.' Due to the low demand for Model 3 and Model Y, Elon Musk's company is struggling in key markets like China and Europe. Elon Musk's Plan For Tesla Cars Tesla stated that it has begun work on a more affordable model that will be positioned below the Model 3 and Model Y. The company revealed that large-scale production of this new EV is scheduled for the second half of 2025, wherein initial production will begin in the first half of 2025 (1H2025). Initially, Tesla had planned to build the affordable EV on a new platform. However, the new model will now use the existing architecture of the Model 3 and Model Y. It is expected to be a stripped-down version with fewer features. In terms of size, the new EV will be smaller than the Model Y. Testing of this affordable model has also begun. Elon Musk Hopes For Comeback This isn't the first time Tesla has announced plans to enter the affordable EV segment. According to Electrek , the company had earlier worked on a similar plan, which was later scrapped by Musk. That project was popularly referred to as the '$25,000 Tesla' with the codenames NV91 and NV92. Tesla was initially developing it on a new platform, but Musk eventually rejected it. However, Musk is now hopeful that Tesla will make a strong comeback in the European market, especially as he anticipates approval for the company's autonomous self-driving technology.
Yahoo
22-07-2025
- Automotive
- Yahoo
Leaked footage sparks speculation over Tesla's new prototype — here's what we know
A Tesla prototype is igniting buzz among enthusiasts who believe it could indicate that a more affordable electric vehicle will soon be available from the longtime king of the EV market. As detailed by Electrek, the Tesla shareholder community has been lighting up social media with speculation that the automaker will launch a cheaper version of its Model Y, the world's top-selling car for nearly two years before being overtaken by Toyota's RAV4 in 2024. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Images and footage circulating on X suggest that Tesla may soon make good on its promise to introduce an affordable compact vehicle after CEO Elon Musk effectively scrapped plans for two $25,000 models, code-named NV91 and NV92, despite denying claims they were canceled, as Electrek noted. Those vehicles would have run on the platform slated for Tesla's Cybercab. However, production-line underutilization caused the automaker to pivot. Now, the cheaper Tesla is expected to run on the Model 3 and Model Y platform. Based on the emerging images and footage, Electrek and the shareholder community speculate that the cheaper entry-level Tesla will be smaller than the original Model Y. "It's hard to confirm if it's indeed smaller because of the angle of the vehicle compared to the other Model Ys, but it's not impossible that the wheelbase is a bit smaller," the publication's Fred Lambert wrote, adding that the stripped-down model is also expected to have cheaper interior materials, including "maybe even no double-panned acoustic glass and a lesser audio system." Some Electrek readers were skeptical of the benefits of a lesser Model Y, with one person saying that a key reason the Model Y has been so successful is "because it has very few things but the things it has are very good." They added: "That is a problem. … The standard range already has a downgraded audio system, so what's left to take out?" Yet bringing a more affordable EV to market could help Tesla turn the tide on what has been a disappointing first half of 2025, with declining sales and volatile stocks par for the course, as Musk's involvement in politics has impacted the company's bottom line, turning off some consumers who view an endorsement of Tesla as a statement of support for the CEO's politics. Automakers such as BYD, Ford, Toyota, and Rivian have also introduced EVs or revved up their EV offerings in recent years as demand for the more eco-friendly, cost-effective vehicles has soared. The increased competition has made a dent in Tesla's buyer base while proving beneficial for consumers by contributing to a dip in EV prices. According to the International Energy Agency, EV sales rose by more than 25% last year, topping 17 million. This year, that number is expected to exceed 20 million. How much cash back would it take for you to switch to an EV? $5k $10k $20k I already have one Click your choice to see results and speak your mind. That is perhaps no surprise given that consumers can save more than $1,000 annually on maintenance costs and energy with EVs compared to gas-guzzlers. The energy savings can be particularly robust in households that install solar panels to charge their EVs rather than relying on the grid of public stations. EnergySage is one resource that connects people with vetted installers and can save them up to $10,000 on installation. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
