According to media reports, on the 7th local time, the manager of Tesla's Berlin factory in Germany stated that the all-new simplified Model Y will be &#34;about 10% cheaper.&#34;
Wallstreetcn previously mentioned that in response to the potential impact of the end of the U.S. federal tax credit policy, Tesla is taking proactive measures and plans to launch a more affordable Model Y model.
Related reports indicate that due to the termination of the U.S. federal tax credit policy of up to $7,500 this month, Tesla is launching this cheaper model to offset this impact, which will reduce some functional configurations and use fewer high-end materials.
This move comes at a critical time when Tesla is facing uncertainty in future demand. Although the company achieved record delivery volumes in the third quarter, this performance was partly due to the &#34;buying rush&#34; before the expiration of the tax credit policy.
This advance release of demand may put pressure on sales growth in the coming months, and the launch of a cheaper model is Tesla's strategy to smooth this transition

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Due to the termination of the U.S. federal tax credit policy of up to $7,500 at the end of this month, Tesla plans to launch this cheaper model to offset the impact, which will reduce some features and use fewer high-end materials

- On October 7, the manager of Tesla's Berlin factory announced that the new simplified Model Y will be "about 10% cheaper."  
- This move is in response to the potential impact of the termination of the $7,500 U.S. federal tax credit, prompting Tesla to introduce a more affordable version with fewer features and lower-end materials.  
- As Tesla faces uncertainty in future demand, the launch of this budget model aims to mitigate sales pressure following a record delivery quarter, which was partly driven by a pre-expiration buying surge.  

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Tesla executive: The price of the new simplified version of Model Y will be "about 10% cheaper"