The cheaper Standard variants and Tesla's offers and discounts to stave off competition globally have pressured the company's once-enviable margins, worrying investors.

The announcement of two "new" cars didn't make much of a splash for Tesla last week, as the company's stock actually fell immediately afterward. What's happening? In early October

Tesla is set to announce its third-quarter results, driven by a rush for U.S. EV tax credits. Key focus areas include the cheaper Model 3 and Model Y variants and Elon Musk's ambitious plans for robotaxis.

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.

In a tweet, Tesla announced that ‘Model Y Standard’ and ‘Model 3 Standard’ are the company’s “most affordable vehicles”.

On Tuesday, the EV giant unveiled the long-awaited budget-friendly version of the Model Y, along with a cheaper Model 3.

follows a slump in Tesla sales covering most of the past year due to anti-Elon Musk boycotts targeting the company. The company is also offering a cheaper version of its Model 3 for under $35,000. The company is under intense pressure to lift sales but is ...

Sometimes, those promises have come to fruition (like Tesla’s budget Model 3 or the Robotaxi), but many other times, they have not. Musk’s lofty promises have been tied to Tesla’s Robotaxi and its advanced driver assistance systems program.