While the price point for an "affordable" Tesla hasn't been revealed, Musk has long talked about an affordable EV for around $25,000, which would be roughly half the price of the current Tesla Model Y. The company may be hoping that a cheaper Tesla would help the company boost sales during a difficult time period.

Cheaper electric vehicles based on the Model Y and Model 3 are allegedly in the works, but the timeline is shifting/

Tesla has pushed back the launch of its long‑promised low‑cost electric vehicle, a stripped‑down version of the top-selling Model Y.