The so-called Model Y Standard has leaked online, offering fewer features and luxuries along with a reported $5K savings over the current base version

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

Shares in Tesla gained slumped Tuesday after a gain of more than 5% in Monday's trading session when a teased product was reported to be a cheaper version of the Model Y SUV.

Elon Musk’s electric car company said the new versions would start at around $37,000 and $40,000, prices that bring its cars closer to comparable gasoline vehicles.

The One Big, Beautiful Bill Act is bringing the EV tax credit to a swift end this September. Consumers can save thousands on a brand-new Tesla Model Y by using this incentive. Critics and experts are calling the latest generation Model Y a huge improvement ...

"I'm definitely not buying them. For the same price, there are far more options I can get from local automakers," one user wrote on Weibo.