The electric automaker’s new model comes as part of efforts to address slumping sales.
Tesla unveiled more affordable versions of its best-selling Model Y SUV and its Model 3 sedan at $39,990 and $36,990, respectively, as the electric vehicle (EV) manufacturer seeks to reverse falling sales and waning market share amid rising competition.
The EV maker announced its new models on Tuesday.
Chief Executive Elon Musk has for years promised mass-market vehicles, though last year he cancelled pla
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