Elon Musk may have let the cat out of the bag on Wednesday when he mentioned the Model Y during Tesla’s Q2 earnings call. When asked about the company’s next vehicle, his resp

We might as well forget about the once-rumored $25,000 Tesla, but hitting the $35,000 mark won’t be easy either.

Elon Musk has finally confirmed that Tesla’s new ‘affordable’ electric car is just going to be the Model Y in a cheaper format. Musk has ended months of speculations and misinformation, which he partly created, about Tesla’s upcoming cheaper electric vehicle model.