Tesla to reveal lower-cost Model Y as US tax credits end
Tesla plans to introduce a more affordable version of the Model Y, reported Bloomberg, citing people familiar with the matter. The potential launch comes as the company moves to offset the loss of US federal incentives for electric vehicles. Sources said the new entry-level Model Y is the vehicle the company hinted at in social media posts over the weekend. The cheaper variant will drop some features and use less expensive materials to help counterbalance the end of the federal tax credit of up to $7,50 ...