Tesla Might Delay Lower-Cost Model, Report Says. Investors Shouldn't Make Any Sudden Moves
Tesla might delay releasing a lower-priced electric vehicle that investors hope will come out in 2025 and boost sales growth, according to a report. If true, the news would move the stock.Shareholders, however, might want to wait to hear any such announcement from Tesla itself before making any descions about their holdings.Reuters reported on Friday that plans for a stripped-down version of Tesla's Model Y crossover vehicle are being delayed, with significant production planned for 2026. If that is indeed what Tesla had planned to launch as its lower-priced model -- and production doesn't happen at all this year -- investors will be disappointed.Tesla didn't respond to Barron's request for comment.Tesla shipped about 1.8 million EVs in both 2023 and 2024. Estimates for 2025 sit at about 1.8 million, as well, according to FactSet.Consensus estimates at the start of the year called for Tesla to deliver 2.1 million vehicles in 2025; those were lowered after the company's relatively disap