How can Tesla make a cheaper Model Y?
In an earnings call Wednesday, Tesla CEO Elon Musk "let the cat out of the bag": The new, more affordable electric vehicle the company has been touting for over a year, and that has been singled out as the one thing that could pull Tesla out of its sales rut, wasn't new at all. It was just the Model Y.
Not only that, the stripped-down version of Tesla's bestselling vehicle is already in development, and will go into volume production in the second half of 2025, the company said in a letter to shareholders. During the call, Musk said it is meant to appeal to customers who want to buy a Tesla, but can't afford one.
"The desire to buy the car …