Peloton has introduced the Tread Flex, its first foldable treadmill and cheapest model to date. Part of a refreshed lineup for fall 2026, the Tread Flex folds vertically, reducing its footprint by half, and rolls on wheels for easy repositioning. Priced lower than previous models, it features a 21.5-inch Full HD screen and pivoting display, though it lacks advanced features like Sonos speakers and a built-in camera found on pricier variants.