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TechRadar
TechRadar
Leon Poultney

‘Let the cat out of the bag there’: Elon Musk says the new, affordable Tesla coming in 2025 will just be a cheaper Model Y

Tesla Inc. Elon Musk United States
2025 Tesla Model Y.
  • More affordable models will be based on existing Model 3 and Model Y
  • Cost-cutting will include stripped-down interiors and reduced tech
  • The move is a bid to drum up sales, which have slumped in recent months

During a shareholders’ call that followed Tesla’s recent quarterly earnings announcement, Elon Musk "let the cat out of the bag" (as he put it) by stating that the much-hyped affordable Tesla will simply be a trimmed-down Model Y.

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