Wheel Drive variant and replaced it with the Long Range RWD variant, the EV giant disclosed Friday night. On Sunday evening, top executive Tom Zhu downshifted from a global role to once again focus on China.

Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets.

Tesla is not giving any ground on Model Y leases in May while keeping the price competitive, despite extending the range of its lowest-priced variant.

Tesla has revamped its Model Y offerings, bidding farewell to the standard range rear-wheel-drive (RWD) model while introducing a longer-range variant for an additional $2,000. This strategic maneuver aligns with

Tesla has slashed prices on its bestselling car while investors and potential future buyers wait for word on the low-cost vehicle.

Tesla has announced price adjustments for its Model 3 and Model Y electric vehicles in Malaysia, seeing reductions as much as RM8,000. The move follows

Tesla Model Y owners will have to pay more to get the full range of their car’s batteries. Elon Musk, on Friday, announced the company was in the midst of working through “regulatory approvals” to let people unlock additional range for the cars.