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.

"Buying the best EV isn’t as simple as just loading up the Tesla site and ordering one anymore." Car expert reveals which next-gen EVs are giving Tesla a run for its money in 2025: 'Competing automakers have caught up' first appeared on The Cool Down.

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.

Tesla also faces challenges with its robotaxi offering, but it's well positioned, provided it can demonstrate safety and efficacy. Funnily enough, it could be argued that Tesla (NASDAQ: TSLA) isn't really a pure EV company either.

The earnings call brought additional concerns as CEO Elon Musk warned of “a few rough quarters” ahead, particularly due to the pending elimination of the $7,500 EV tax credit in the U.S. beginning in September.

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,

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.

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 ...

Own a piece of EV history! This incredibly rare 2008 Tesla Roadster, the first production Tesla, is for sale with just 1,821 original miles.