Tesla unveiled less expensive versions of its Model 3 and Model Y vehicles on Tuesday after months of anticipation.

Elon Musk has said his automaker would sell an affordable Model Y, as “people don’t have enough money in the bank account to buy it” despite high demand.

Tesla posted a teaser video on X sparking speculation that the company could finally be about to launch the next-generation Roadster or a mass market model.

Elon Musk’s electric car company said the new versions would start at around $37,000 and $40,000, prices that bring its cars closer to comparable gasoline vehicles.

Tesla's operating income is falling and free cash flow tumbled in Q2. Management is betting big on autonomous vehicles and robotaxis, which have a combined market potential of over $6 trillion. It's going to be difficult for Tesla to invest in its future ...

With one video showing a spinning vehicle part and the date "10/7," many Tesla fans are expecting the long-anticipated "more affordable" Model Y.

Nonetheless, Tesla is encountering ongoing difficulties in Europe, where opposition to CEO Elon Musk’s political views and increasing competition from BMW,

The electric-vehicle maker sold more cars in the U.S. as consumers raced to use an expiring $7,500 tax credit.

Tesla officially entered the Indian market in July this year. Dr Koduru received his Model Y last week, marking the first delivery of a Tesla in Hyderabad.