Today, Tesla announced a new variant of the Model Y crossover for North America. Tesla fans have long-awaited a cheaper entry-level model; this was supposed to be the $25,000 Model 2. But the development of that electric vehicle was shelved earlier last year as CEO Elon Musk began to lose interest with car-making in favor of humanoid robots.
However, car sales still make up the overwhelming majority of Tesla’s revenue, and the removal of the IRS clean vehicle tax credit at the end of September may have juiced US EV sales in Q3 2025, but sales are expected to dip significantly in the current quarter.
The new Standard Range
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