Tesla's Shanghai Gigafactory Rumored to Produce a Budget Model Y 'E80'
Rumors suggest Tesla's Giga Shanghai will produce a more affordable Model Y variant, internally codenamed 'E80', this May. This stripped-down version is expected to feature smaller wheels, single-layer side windows, no rear display, fewer speakers, single-color ambient lighting, fabric seats without heating or ventilation, and a manual trunk. These reductions aim to bring the price down to ¥190,000-¥210,000 ($26,000-$28,800), potentially even lower to ¥150,000-¥170,000 ($20,500-$23,300). This strategy mirrors Tesla's previous releases of budget-friendly variants of the Model 3 in Mexico and the Cybertruck in the US, both featuring cost-cutting measures like textile seats and reduced features. Despite the cutbacks, the 'E80' is anticipated to remain attractive due to the Model Y's premium branding and the competitive Chinese EV market.