<div id="readability-page-1"><div><div><p>A compact Tesla vehicle was spotted at <strong>Tesla Inc.</strong>'s <span>TSLA</span> Giga Factory in Texas amid affordable vehicle rumors.</p><h2>Unknown Tesla Vehicle Spotted In Texas</h2><p>The vehicle was first spotted in drone footage of Tesla's Giga Factory in Texas, covered in a protective sheet between two Model Y SUVs, shared by YouTuber <strong>Joe Tegtmeyer</strong> on August 29.</p><p>The unknown vehicle had noticeably smaller dimensions compared to the Model Ys and had a different roofline, which could point to a potentially new vehicle in the Tesla lineup.</p><p><em>Source: Joe Tegtmeyer via YouTube</em></p><h2>An Affordable Tesla Vehicle?</h2><p>The footage comes as the company had confirmed plans for an affordable vehicle in the lineup. Tesla CEO <strong>Elon Musk</strong> also confirmed at the second-quarter earnings call with investors that the affordable vehicle would be a stripped-down Model Y.</p><p>However, experts like <strong>Future Fund LLC</strong>'s managing director, <strong>Gary Black</strong>, criticized Tesla for the decision, saying that a stripped-down Model Y would offer no incremental volume and lead to cannibalization.</p><p>The unknown vehicle, however, could point to a potential pivot in strategy for Musk's EV giant, which may now involve a more compact all-new model potentially targeting new segments in the U.S. to drive up lackluster domestic sales. </p><h2>Tesla Cybercab Rumors, Price Cuts Amid Sales Woes</h2><p>The vehicle's design and smaller dimensions could also point towards the upcoming Cybercab, which Tesla had unveiled in October last year. The two-seater vehicle with no steering wheels or pedals is at the forefront of Musk's self-driving and robotaxi ambitions.</p><p>Tesla has also announced price cuts and other offers for its vehicles amid a global sales slump. The company slashed the prices of its Model 3 Long Range sedan in China by 3.7% and is offering $0 down leases on used Model 3 and Model Y units in the U.S.</p><p>Tesla's sales fell dramatically in Europe, recording a 40.2% drop in July sales in the region as the company's rival and Chinese EV giant <strong>BYD Co. Ltd.</strong> <span>BYDDY</span> <span>BYDDF</span> gained more ground.</p><p>Tesla scores well on Momentum and Growth metrics, while offering satisfactory Quality, but poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga's Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>BYD Drops Over 6% In Hong Kong Stock Exchange As Profit Slips Amid China’s EV Price War</li> </ul><p><em>Photo courtesy: Trygve Finkelsen on Shutterstock.com</em></p></div></div></div>

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<p>A compact Tesla vehicle was spotted at the Giga Factory in Texas, sparking speculation about a new affordable model. The vehicle, smaller than the Model Y, was seen covered between two Model Ys in drone footage. Tesla has confirmed plans for an affordable vehicle, but experts criticize the strategy. The unknown vehicle may indicate a shift towards a compact model targeting new market segments. Additionally, rumors of a Cybercab and recent price cuts amid declining sales in Europe have emerged, as Tesla faces increased competition from BYD.</p>

- A compact Tesla vehicle was spotted at the Giga Factory in Texas, raising speculation about a new model amid rumors of an affordable vehicle.  
- Tesla CEO Elon Musk confirmed plans for a stripped-down Model Y, but experts criticized this approach, suggesting it may not increase sales volume.  
- The unknown vehicle's design could indicate a shift in strategy, potentially targeting new market segments to address declining domestic sales and competition from rivals like BYD.

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Mysterious Compact Tesla Vehicle Spotted At Giga Texas Factory — Sparking Cybercab, Affordable Model Speculation