The release of the low-priced version of Model Y is imminent! Tesla's stock price rises in response

According to informed sources, Tesla (TSLA.US) plans to release a lower-priced Model Y on Tuesday, fulfilling its commitment to launch more affordable models in response to the cancellation of electric vehicle subsidies in the United States. As a result of this news, Tesla's stock rose over 5% on Monday.

Sources indicate that the new entry-level Model Y is the vehicle Tesla teased on social media last weekend. They stated that Tesla primarily achieves cost reductions for the Model Y by optimizing the battery pack and motor. They mentioned that this low-priced model will reduce some features and use lower-grade materials to offset the impact of the cancellation of up to $7,500 in federal tax credits. The U.S. government stopped providing this subsidy earlier this month.

It is reported that Tesla's official X account tweeted on October 5, sharing a 9-second teaser video announcing that an important announcement would be made on October 7. The video content is extremely simple, with no text explanation or clues provided by the official account, only showing a central metal turbine-like component with the Tesla logo spinning rapidly, with the final frame freezing on the date "10/7". Subsequently, Tesla released a teaser clip of the new car's headlights, which shows that the new model has eliminated the horizontal light group found on the standard Model Y, changing to a two-segment design, with the outer side as the lighting source and the inner side as the daytime running lights.

Analysts believe that the main focus of this release may be a revised or low-cost version of the Model Y that is closer to the mass market. Reports indicate that a new Model Y test vehicle has recently been spotted near Tesla's Texas Gigafactory, suggesting that related production preparations may have already begun.

Tesla executives stated in a recent earnings call that while the more affordable model began production in June, the company decided to wait until the U.S. gradually phases out tax credits before ramping up production. Before Elon Musk reveals the answer, Chief Financial Officer Vaibhav Taneja and Vice President of Vehicle Engineering Lars Moravy were vague about the specific details of this model. Musk stated, "It's just the Model Y," and joked that he "let it slip." Musk added, "People's willingness to buy is very strong; it's just that there isn't enough money in their bank accounts. So we are making the car as cheap as possible."

Last week, Tesla announced that it delivered 497,099 vehicles globally from July to September, setting a quarterly delivery record. Although the expiration of tax credits stimulated sales, this pre-consumption effect may weaken electric vehicle demand in the coming months. Musk himself warned back in July that Tesla might face "a few tough quarters" after the end of U.S. subsidies