Elon Musk has long promised a more affordable Tesla, and a Reuters report suggests that it will materialize soon as a compact crossover code-named "Redwood."
The GM-built Prologue shares its platform with the more expensive Blazer EV, but the Chevy boasts a longer EPA-rated range estimate.
The GM Brownstown, Michigan, facility that houses the joint venture currently produces battery packs for the GMC Hummer EV and Cadillac Lyriq.
The full discount is limited to customers in the Chicago, New York, and Phoenix regions, and it doesn't apply to the 418-hp Bronco Raptor.
The automaker revealed its future plans for an electric lineup, confirming that the Folgore version of the MC20 supercar will finally hit the road next year.