Tesla to Delay US Launch of Affordable EV, a Lower-Cost Model Y, Sources Say

AUTOMOTIVE - SAN FRANCISCO/NEW DELHI/SEOUL. Tesla's long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters.

Tesla (TSLA.O), opens new tab has promised affordable vehicles beginning in the first half of the year, providing a potential boost to flagging sales. Global production of the lower-cost Model Y, internally codenamed E41, is expected to begin in the United States, the sources said.