Tesla just released a new entry-level trim for its Model 3 and Model Y vehicles to lower the price point. It’s called the Standard trim and shaves roughly $5,000 over the Premium trim cost. Much of the savings comes from removing luxury features like the power-adjustable steering wheel,

Tesla said Wednesday that its profit sank in the third quarter after it cut car prices to lift sales. Profit fell to $1.4 billion from $2.2 billion a year earlier, a drop of 37 percent, the company said. Sales rose to $28.1 billion from $25.2 billion.

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.

Tesla’s latest offer cuts lease prices across much of its lineup, and the automaker is also offering financing deals.

Renault is preparing to shake up the European electric vehicle landscape with a strategy focused on affordability, without relying on Chinese production. The brand is about to laun

Tesla has lowered the lease prices for most of the electric cars it sells in the United States, but the discounts won’t last long. The deals, which are valid until the end of October, were posted without notice on the American automaker’s website, as noted by Electrek.