Tesla is set to unveil a more affordable vehicle in the first half of 2025. Details are scarce, but new reports say it could take after the Model Y.

There have been rumors about a more affordable Tesla EV for a few years, but the stars may finally line up. According to three anonymous sources with knowledge on the matter, as quoted by Reuters, Tesla will launch a lower-cost model this year to try and regain lost ground in China—and everywhere else.