The less expensive mass-market EVs have been widely anticipated by Tesla fans and investors who hope they will attract a fresh group of customers.

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 delays production of cheaper EVs, including Model Y variant, amid sales slump, rising competition, and political backlash.