Tesla is developing a new smaller, cheaper EV, sources say

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The effort   follows a determination  by Chief Executive Elon Musk to scrap a highly   anticipated low-cost EV task  successful  2024 and pivot the institution  to absorption   connected  robotaxis and humanoid robots [File]

The effort follows a determination by Chief Executive Elon Musk to scrap a highly anticipated low-cost EV task successful 2024 and pivot the institution to absorption connected robotaxis and humanoid robots [File] | Photo Credit: REUTERS

Tesla is processing an all-new smaller, cheaper electrical SUV, 4 radical acquainted with the substance told Reuters.

The automaker has contacted suppliers ​in caller weeks to sermon details of the program for the compact SUV – which would beryllium a caller conveyance and not a variant of Tesla’s existent Model 3 oregon Y, the radical said. The conversations ‌involved the manufacturing process and specifications for assorted components, they said.

Published - April 10, 2026 02:50 p.m. IST

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