Tesla, which faces growing competition, has lost ground as it has been slow to offer new, more affordable vehicles, despite its release of a new Model Y version this year. Boss Elon Musk had previously promised a cheaper car but abandoned those plans last year to focus on robotaxis and humanoid robots.

Tesla has unveiled new and “affordable” models of its most popular Model Y SUV and its Model 3 sedan for the United States market.According to The Guardian, Elon Musk’s electric vehicle company on Tuesday,

Tesla's affordable Model Y is expected today, Xiaomi sets sights on luxury brands and Tesla could lose insurance arm in California.

🔜 Over the weekend Tesla’s X account first posted a teaser video of something (possibly a wheel) noting the date 10/7, which was later followed by a post with an image displaying headlights that appear to match the cheaper Model Y variant that’s been teased by CEO Elon Musk and spotted on public roads.

Europe was able to enjoy the Model Y Performance a month earlier, but Tesla has finally launched the high-performance EV SUV on its home shores.

Tesla's chief designer, Franz von Holzhausen, confirmed in a Bloomberg podcast that a CyberSUV, as well as a smaller Cybertruck variant, are in the works

Tesla teases possible upcoming model, leading to speculation about an affordable Model Y, a new GPU and the Roadster.