As reported by Electrek, rumblings from China indicate that the first lower-priced Tesla will not be a fresh model riding on an exciting new architecture; Rather, it’s likely to only be a Model Y utility vehicle with features removed to lower the price tag.

A new report claims Tesla is planning a model that costs 20% less to build than its current smallest crossover.

Elon Musk unveils the redesigned Tesla Model Y with advanced features promising greater efficiency and an extended range. The electric SUV offers state-of-the-art technology, enhanced comfort, and innovative connectivity,