Longtime Tesla hacker @greentheonly has shared early firmware insights about the long-rumored affordable Model Y variant, which is reportedly codenamed “E41.” 

The hacker hinted at a vehicle with a significantly simplified cabin, downgraded components, and cost-saving measures.

Simple and affordable

As per the longtime Tesla hacker, the Model Y E41 will have its own distinct fascia. The vehicle will also have a cabin that’s notably more minimal than the standard Model Y. Key changes reportedly include a fiberglass headliner, simplified cabin lighting limited to the footwell, single-axis seat controls, and no power folding mirrors. 

Other reductions reportedly include no puddle lamps, no second-row display, no TPMS, and no glass roof. Audio will reportedly come in two configurations, “essential” or “essential with commodity.” The backup camera also loses its heater, and the console excludes the “airwave” feature. 

The Model Y E41’s wheels are reportedly at 18 inches, and the suspension appears downgraded. While exact motor specs remain unknown, the veteran Tesla hacker noted that the vehicle will likely offer both RWD and AWD trims.

Early production and potential rollout

Previous firmware observations suggest that Tesla may already be producing Model Y E41 prototypes on non-specialized factory lines, at least if the rollout pattern of past Model Y and Model 3 refreshes were any indication. With this in mind, the Tesla hacker noted that it would not be surprising if the vehicle were already being made in significant volumes today.

Reuters previously reported the E41 will be at least 20% cheaper to manufacture than Tesla’s standard Model Y, allowing the vehicle to become a lower-cost alternative for consumers who wish to enter the ecosystem without shelling out too much. While official pricing and details remain unconfirmed, @greentheonly’s recent insights provide a pretty exciting teaser at how Tesla might package its budget-friendly Model Y.

Piper Sandler boosted its Tesla (NASDAQ:TSLA) price target to $500 from $400, maintaining an “Overweight” rating after a research trip to China. 

The firm cited Tesla’s leadership in artificial intelligence and robotics as central to its thesis, even as Chinese electric vehicle makers grow more competitive. Analysts concluded that Tesla is still the benchmark that competitors rely on for innovation.

A China visit

During its visit, Piper Sandler met with several Chinese EV manufacturers, many of which are vertically integrated and expanding rapidly. Analysts noted that these “fast followers” represent Tesla’s most significant competitive challenge. However, executives from multiple companies acknowledged Tesla’s foundational role in shaping the industry’s direction, TipRanks stated in a report.

One automaker told Piper Sandler that “without Tesla going from 0 to 1, we can’t go from 1 to 100,” highlighting the Elon Musk-led company’s enduring influence. Analysts said the remarks reflect both admiration and dependence on Tesla’s early innovations, particularly in areas such as battery integration, vehicle software, and AI-powered features.

Tesla’s leadership

Piper Sandler’s report emphasized that while Chinese automakers are formidable in design and production, they look to Tesla for advancements in “real-world” AI applications. Tesla’s focus on autonomous driving and robotics continues to distinguish it from competitors, making the company Piper Sandler’s top investment idea in this space.

“Building AI-enabled machines requires data, talent, chips, and engineering prowess. Tesla compares favorably vs. the Chinese on all of these fronts,” Piper Sandler analyst Alexander Potter stated in a note. 

Piper Sandler also shared some of its expectations for Tesla this year, stating that it is estimating that the company will delivery ~495k vehicles this third-quarter, possibly attaining a new all-time record. The firm, however, stated that its 2026 outlook for Tesla is shakier, as the EV maker could just hit ~1.9 million units, which could include as many as 350k affordable “Model 2” vehicles.

Elon Musk and U.S. President Donald Trump interacted with each other publicly for the first time since their feud, sharing a handshake and conversation during a memorial service for slain conservative activist Charlie Kirk. 

The reconciliation fulfilled Kirk’s longtime wish for the two men to mend relations, something he had openly discussed prior to his passing.

Kirk’s wishes for Musk and Trump

As noted in a CNN report, Kirk had long positioned himself as an intermediary between Musk and Trump, maintaining close ties with both figures even at the height of their falling out. He highlighted this in a conversation with commentator Megyn Kelly in June. “I know both these guys … I am hopeful, optimistic, and will do everything I possibly can to try and bring this back together,” Kirk said. 

Kirk had also spoken highly of both men. On his podcast, he described Musk’s acquisition of Twitter as “the most important purchase since the Louisiana purchase.” He also praised Trump’s MAGA movement. 

Kirk reportedly texted Musk frequently, urging him to avoid rhetoric that could harm Trump’s agenda. Musk reportedly was receptive to Kirk’s feedback, despite his announcement that he would be launching a third political party in the United States. His prediction proved accurate when Musk and Trump were sighted side-by-side during his memorial service, where they spoke briefly and shook hands.

Signs of reconciliation

Kirk’s memorial became a symbolic turning point. Andrew Kolvet, executive producer of Kirk’s podcast, posted a photo of Musk and Trump together, noting Kirk’s hope that the two would reconcile “for Charlie.” Musk himself echoed the sentiment, sharing a similar photo with the words “For Charlie,” followed by the White House X account posting the same line later.

Musk has since engaged more positively with Trump on social media, while his America Party PAC shared images of Musk embracing Kirk’s widow, Erika. After her speech calling for forgiveness, Musk posted a passage from the Lord’s Prayer: “Forgive us our trespasses as we forgive those who trespass against us.” 

Kirk had shared his wish for such an outcome in the past. “Knowing both of these men and knowing President Trump much better than Elon, but knowing both of these men, I can tell you I think that there’s going to be a peace treaty moment, a calming down, a moment where both sides come together and we know that we are stronger against the left than we are divided,” Kirk had stated over the summer.