Tesla China denies developing new smaller, cheaper SUV — but take it with a grain of salt

Tesla China has denied a Reuters report claiming the automaker is developing a new compact electric SUV. The denial comes just one day after we reported on the original Reuters exclusive citing four sources.

The denial was reported by Chinese financial wire Cailian Press (财联社), a major and well-established Chinese business news service. Tesla China told the outlet that “market information claiming that Tesla is developing a new, smaller, and cheaper electric SUV is inaccurate.”

more…