Tesla on Sunday teased an October 7 event, as investors and analysts await a more affordable model to sustain sales momentum, sending shares of the company 2% higher in premarket trading.

In a nine-second video posted on the social media platform X, the Elon Musk-led automaker showed a vehicle with its headlights illuminated in a dark setting. The company hinted at an event scheduled for Tuesday in a separate video that had “10/7” at the end.

Tesla has previously delayed rolling out a lower-cost version of the Model Y in the United States. The company said in June that it had made “first builds” of the vehicle, but would start selling it in the fourth quarter and ramp up output slower than planned.

The stripped-down version is designed to be roughly 20% cheaper to produce than the refre

See Full Page