Reported 2 days ago
Tesla has introduced a lower-cost version of the Model Y SUV, starting at $39,990, as a strategy to counter declining sales and increased competition in the electric vehicle market. CEO Elon Musk emphasized the need for more affordable vehicles to attract buyers, especially after recent federal tax credit changes raised prices. The new Model Y aims to revive interest and sales, especially against Tesla’s aging lineup and growing external competition, particularly in China and Europe.
Source: YAHOO