Cheaper electric vehicles based on the Model Y and Model 3 are allegedly in the works, but the timeline is shifting/

Tesla, Inc. TSLA has delayed the launch of its long-anticipated affordable vehicle, which is a stripped-down version of its popular Model Y SUV, in the United States. The company previously pledged to release lower-cost cars in the first half of the year,

Tesla is reorienting its attention to a simplified version of its Model 3. The decision appears to be a pragmatic one as the automaker seeks to introduce an affordable EV without having to create an entirely new platform.