💨 Abstract

Tesla plans to produce a lower-cost version of its Model Y in Shanghai, aiming to regain market share in China where it faces price competition. Known as "E41," the smaller Model Y will cost at least 20% less to produce and is expected to start mass production in 2026. The vehicle will primarily be sold in China, but it will also be produced in Europe and North America. Tesla did not comment on the report.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖