Tesla revives plan for smaller, cheaper EV

Tesla is reportedly reconsidering its strategy to produce a smaller, more affordable electric vehicle, according to a new report. The automaker is allegedly in discussions with suppliers about developing an entirely new EV model, distinct from its current Model 3 and Model Y. Initial production is slated for China, with plans to expand to US and European markets later. This move would signify a significant shift in Tesla's product strategy, potentially addressing market demand for more budget-friendly electric options.