Tesla (TSLA) Plans New Compact SUV, Details Under Discussion
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowTesla (TSLA) is reportedly developing a new smaller, cheaper electric SUV, with discussions ongoing between the company and suppliers regarding manufacturing and specifications. The compact SUV is expected to measure 4.28 meters (approximately 14 feet) in length, notably shorter than the Model Y. The project aims to balance Tesla's push for fully autonomous vehicles while retaining options for human-driven models. The SUV's development is still in early stages, and it's unclear if production has received official approval. The move follows a pivot from earlier low-cost EV plans, potentially indicating a shift in strategy towards more accessible vehicles.
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About Tesla Inc. (TSLA)
Tesla is the leading electric-vehicle maker, also building energy-storage systems, solar products, and autonomous-driving and robotics technology.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
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