Tesla shares fall on doubts that latest autos will boost sales

Tesla shares fall on doubts that latest autos will boost sales

The revamped “standard” models are priced around $5,000 less than prior bare-bones versions of these vehicles [File] | Photo Credit: REUTERS Shares of Tesla fell Tuesday after it unveiled revamped auto models with somewhat lower starting prices to offset the demise of a federal electric vehicle tax credit. Elon Musk’s electric vehicle maker began taking […]

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Xiaomi launches YU7, undercutting Tesla’s Model Y on price

Xiaomi launches YU7, undercutting Tesla’s Model Y on price

Xiaomi’s CEO and founder Lei Jun has said he wants the YU7 to challenge the Tesla Model Y [File] | Photo Credit: REUTERS Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% below Tesla’s Model Y, stepping up the challenge to the U.S. firm […]

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