Peloton is back with a ‘cheaper’ folding treadmill

Peloton said phones aren’t the only things that can fold. Last year, Peloton did a sweeping refresh of its hardware that added cameras, fans, and AI-powered software called Peloton IQ. This year, it's zeroing in on its treadmill lineup - refreshing its two existing Treads and adding the new, more affordable Tread Flex into the fold.