The Latest Breaking News from Tesla Inc.

Gerber Kawasaki's co-founder Ross Gerber and the Future Fund LLC's managing director Gary Black have both criticized Tesla Inc. (NASDAQ:TSLA) following the launch of affordable Model Y and Model 3 trim levels.

Eric Jackson, outspoken supporter of Opendoor Technologies, Inc. (NASDAQ:OPEN), believes the U.S. housing market is ready to enter a new phase of growth.

Tesla's new "Standard" versions of the Model 3 and Model Y do without a number of premium features in a push to get their base prices lower. Some, like a rear touchscreen, buyers might not miss. One deletion, however, is strange: Power mirrors. According to a feature-comparison chart from Tesla…

The new Model Y Standard gets 321 miles of range—but no FM or AM radio tuner. How's that for cost-cutting?

Elon Musk gave up on the idea of a more affordable, entry-level Tesla model a while ago. Instead, Tesla is making stripped-out versions of its volume sellers. We knew that the new base Model Y was coming today, but Tesla also surprised us with this: The Model 3 Standard.

Tesla has introduced a new, lower-cost version of its best-selling SUV. The new Model Y Standard starts at $41,630, including destination fees—making it $5,000 cheaper than the previous base model.

Tesla shares jump 5% amid rumours of a budget Model Y launch. Is Elon Musk about to unveil Tesla's most affordable EV yet?

Tesla's

Tesla announced the launch of a new, cheaper version of its best-selling electric vehicle Tuesday in hopes of reviving flagging sales