Tesla (TSLA) Plans New Compact SUV, Details Under Discussion

AI Summary

Tesla (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.