Tesla’s China deliveries decline as BYD and Xiaomi gain ground. Analysts say the Model Y’s success keeps Tesla in the race.

The electric SUV class is hotting up with new Kia EV5 and Smart #5, plus an entry-level version of Tesla’s Model Y

Tesla has finally introduced the long-awaited, cheaper versions of its Model Y and Model 3 cars. The new cars, which the company unveiled in an X post on Tuesday, Oct. 7, are the brand’s most affordable vehicles, ranging in price from $38,000 to $41,000.

Best-seller updated with a drastically different design

Tesla Inc. will spend over $20 billion on a dramatic reshuffling of factory lines reflecting Elon Musk’s repositioning of the carmaker coming off a multiyear sales slump.