Tesla unveiled more affordable versions of its best-selling Model Y SUV and Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition.
Tesla Inc (NASDAQ:TSLA) has introduced cheaper versions of its two most popular electric vehicles, aiming to make electric cars more accessible following the expiration of the $7,500 US federal EV tax credit. The new Model 3 Standard starts at $34,990, making it the most affordable Tesla currently available, while the Model Y Standard, a budget-friendly version of the Model Y SUV, begins at $39,990.
After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) were battered throughout Q1 2025.
Elon Musk says Tesla Inc. (NASDAQ: TSLA) is no longer a car company.
As Tesla faces growing scrutiny and tariffs across Europe, its Chinese rival BYD is accelerating into pole position in the UK. The Shenzhen-based carmaker said Britain is now its biggest market outside China, after sales jumped 880% in September to 11,271 vehicles.
Tesla is expected to unveil on Tuesday a more affordable version of its best-selling Model Y SUV, as the electric vehicle maker seeks to reverse falling sales and waning market share amid rising global competition.
Tesla posted teaser videos on social media suggesting a major announcement on Oct. 7, with analysts speculating about the launch of a lower-cost Model Y.
Tesla is kicking off the week with a bit of mystery.
Robots? Roadsters? Another flamethrower?
Tesla Inc (NASDAQ:TSLA) shares gained more than 4% in midday trading on Monday after the electric vehicle (EV) maker posted a series of cryptic posts on X hinting at a new product launch. Tesla published gifs on Sunday of a spinning company logo with the date "10/7" and what looked to be car headlights shining through smoke.
A pair of cryptic X.com posts point to a launch soon.
Stock futures are moving higher in early trading as investors watch negotiations around the U.S. government shutdown; Bitcoin and gold hit new highs; oil prices are on the rise after OPEC and its allies agreed to a modest production increase; Advanced Micro Devices (AMD) shares are jumping after the chipmaker announcing a deal with OpenAI; and Tesla (TSLA) stock is climbing after the EV maker teased a Tuesday event that analysts think could bring a lower-cost model. Here's what you need to know today.