Tesla postpones the launch of its low-cost electric car in the United States.

Sources familiar with the matter revealed to Reuters agency that Tesla has postponed the production of a simplified American version of its best-selling electric car, the "Model Y," which was planned to be launched at affordable prices during the first half of this year.

This delay comes at least several months behind the previously announced schedule, according to three sources familiar with the company's plans.

The sources explained that Tesla aims to manufacture 250,000 units of the new model, internally referred to as "E41," by 2026.

There are also plans to expand production to include China and Europe later, as mentioned in previous reports.

This announcement comes at a time when the company is facing a sharp decline in its financial performance, with its stock losing about 36% of its value in the first quarter of the year, marking its worst quarterly performance since 2022.

The company's market value also dropped by over $460 billion during the same period, coinciding with CEO Elon Musk assuming an influential position in the management of former U.S. President Donald Trump.

Investors and brand enthusiasts are eagerly awaiting the launch of affordable electric cars from Tesla, hoping that this move will boost Tesla's sales, which are experiencing a decline and expanding its market share. In a related context, the company recently made updates to the original model of the "Model Y," priced at around $49,000 for the long-range version in the United States, before the $7,500 federal tax credit.

Tesla is expected to announce its financial results next Tuesday, with production plans for the new cars anticipated to be a key focus in the earnings discussion with investors.