Peloton launches Tread Flex, a foldable treadmill priced at $2,195

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Peloton has introduced the Tread Flex, a new foldable treadmill designed to take up less space in users' homes. Unveiled at a launch event in New York City, the machine is priced at $2,195, making it more affordable than the brand's existing treadmill offerings. Chief Product Officer Nick Caldwell said the Flex was developed in response to customer demand for a more easily stored treadmill. When folded upright, it reportedly saves 50 percent more floor space and has a smaller footprint than Peloton's Bike Plus. The Tread Flex also features caster wheels for easier movement around the home.

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