For nearly a decade, it has been the holy grail for Tesla fans and the key to its mainstream future: a truly affordable electric car for the masses. After years of promises, delays, and speculation, the company confirmed on Wednesday that the long-awaited cheaper Tesla is finally moving from myth to reality.

A pared-down Model Y might do little to lift Tesla sales. To really get people excited about the brand again, Tesla needs “actual new vehicle models,” one analyst said.

Let's be honest: if any car company operating in America could produce a truly compelling, high-spec electric vehicle for well under $30,000, it's Tesla.

Tesla CEO Elon Musk said the electric car brand would face "a few rough quarters", as the company posted its worst quarterly sales decline in over a decade. In the latest financial outlook, Tesla reported a 12 per cent drop in revenue compared to the same time last year,

Falling sales and profits will lead Tesla to redouble efforts to provide a cheaper electric car for buyers, the car brand said this week.

Tesla claims to have produced the “first builds” of its new “more affordable” electric car models, which are expected

Tesla shares sank after CEO Elon Musk said the company could face a "few rough quarters" as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars.

As its car business falters, Elon Musk is betting the company's future on a high-risk pivot from manufacturing to an AI-driven, autonomous dream.

The Mach-E, Polestar 2 and ID.4 are strong challengers. It's no secret electric vehicles are storming showrooms. We're not talking about Tesla's Cybertruck or Model Y either. All automakers, from ...

Elon Musk's Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said Monday, in a long-awaited development for the electric vehicle ...

Elon Musk is taking steps to expand his autonomous ride-hailing service to the Bay Area, according to a Business Insider report.