Hyperdrive
Tesla to Delay Production of Cheaper EVs, Reuters Reports
The news of the setback comes ahead of the carmaker’s hotly anticipated earnings call Tuesday, where the plans for its newest vehicles will be scrutinized by investors.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
The production launch of Tesla Inc.’s more affordable cars, including the stripped down version of the Model Y, has been delayed, Reuters reported Friday.
The electric carmaker planned to roll out its lower-cost Model Y, known internally as E41, in the first half of the year. Now production will be pushed back by at least three months, people with knowledge of the matter told Reuters. The news outlet didn’t cite a reason for the delay.