In an announcement late on October 7, Tesla unveiled two new models following a mysterious preview that was posted just the day before on CEO Elon Musk’s website, X (formerly known as Twitter). The new cars,

The new Model Y, costing just under $40,000 with a stripped-down interior, comes in a brutal year for Tesla as it tries to attract more customers despite an aging lineup, stiff competition from foreign EV makers and anti-Elon Musk boycotts targeting the company.

Tesla is planning to export Model 3 vehicles made in China to Asian and European markets, two sources familiar with the matter told Reuters on Friday.

Tesla teased an October 7 event, in which investors and analysts anticipate a more affordable model to sustain sales momentum.

Tesla just launched its most affordable models yet — the “Standard” Model Y and Model 3. Advertisement. About Our Ads; Play Daily Sudoku Together

Tesla has unveiled cheaper models of two of its most popular cars in the US as it tries to boost sales on the heels of the expiration of a key US tax credit. But the carmaker's shares tumbled about 4% as investors were underwhelmed by the announcement.

Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales but investors dumped its stock anyway.The new Model Y, costing just under $40,