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 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.

Electric-vehicle maker Tesla unveiled a cheaper Model Y SUV at $39,990 and Model 3 sedan at $36,990 following record third-quarter deliveries and expiring tax credits.

Musk, the man behind most of Tesla's stillborn plans, went on X, his social media platform, and immediately claimed the Reuters report wasn't true: Of course, Musk hasn't specified why the Reuters report isn't true.

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

The long-awaited cheaper Model 3 and Model Y are finally here, but they start at $36,990 and $39,990, respectively -- just a few thousand dollars less than Tesla's current offerings.

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

For nearly two decades, CEO Elon Musk has promised Tesla would make a more affordable electric vehicle, to, as he put it in 2006, “help expedite the move from a mine-and-burn hydrocarbon economy towards a solar electric economy.” Is it finally here?

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

NEW YORK -- Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales. The new Model Y, costing just under $40,000 with a stripped-down interior, follows a slump in Tesla ...

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.