⁍ ‘It is important to make the car affordable,’ he told analysts and investors on a call Wednesday.

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⁍ Asked about a smaller car with a potentially lower price point, Musk hinted there could be one in the lineup at some point.

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⁍ The comments come after Tesla lowered the price of its Model Y earlier in July while cancelling a planned cheaper version of the car.

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– Tesla’s Model Y was supposed to be the entry-level Tesla for the masses, but CEO Elon Musk scrapped that plan earlier this month, saying it would have had an “unacceptably low” range. Now he’s hinting at a smaller Tesla with a lower price point, CNBC reports. “It would be reasonable to assume that we would make a compact vehicle of some kind and probably a higher capacity vehicle of some kind,” Musk said during a Wednesday call following the company’s surprise second-quarter profit announcement. “I think there’s a long way to go with 3 and Y and with Cybertruck and Semi. So it’s a long way to go with those. I think we’ll do the obvious things.”