Musk hints at budget Model Y, but analysts doubt its impact on Tesla's sales downturn

  • Elon Musk's off-the-cuff confirmation that Tesla's long-promised lower-priced electric vehicle will closely resemble a stripped-down Model Y has done little to rekindle excitement around the brand. The remark came during Tesla's post-earnings call earlier this week, contradicting another executive's attempt to avoid revealing design specifics.