Tesla (NASDAQ:TSLA) is developing an all-new compact electric SUV priced well below its current lineup, as the company faces mounting pressure to demonstrate that its core vehicle business can stage a meaningful recovery.
Morningstar analyst Seth Goldstein expects the company’s slump to persist, noting: “Globally, I’m forecasting a third straight year of deliveries decline in 2026.”
Legendary short-seller James Chanos had a concise take on Tesla’s predicament. When a user posted on X that “the selling pressure on Tesla is a bit suspicious,” Chanos replied: “Yeah, totally suspicious. Why would anyone be selling a stock at 170x declining earnings (EPS peaked in 2022)…?!”
What We Know About The New Model
The compact SUV will measure roughly 14 feet in length, significantly shorter than the Model Y. Three sources said it would be produced at Tesla’s Shanghai factory, with one …
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