Tesla is making a cheaper personal EV
Digest more
Tesla's next could be its cheapest electric car yet, opting for a single-motor format and smaller battery. But given the brand's history, take this rumor with a hefty dose of skepticism.
Tesla is reportedly reviving plans for a smaller, lower-cost EV built in China first, a move that could support sales and future robotaxi ambitions.
Analysts at Bank of America and Morgan Stanley recently provided constructive outlooks for Tesla's autonomous driving business.
Tesla's electric vehicle business has now been struggling for well over a year.
US EV sales plunge 27% in Q1 2026, with Tesla holding 54% share. Most automakers struggle, while Toyota posts rare growth.
Tesla sold 342 electric cars in India in FY26, marking its early market entry as the country’s EV passenger vehicle segment continues to witness strong growth.
Tesla delivered 358,023 EVs in the first quarter of 2026, enough to move back ahead of BYD’s 310,389 battery electric sales, but the bigger takeaway is that BYD’s weakness came as China’s EV market turned much tougher.
Tesla (NASDAQ:TSLA) shares continue to slide after JPMorgan reaffirmed its Underweight rating on the electric vehicle maker. After Monday's slump, Tesla shares fell more than 3% in Tuesday morning trading as well.