A pared-down Model Y might do little to lift Tesla sales. To really get people excited about the brand again, Tesla needs “actual new vehicle models,” one analyst said.

Tesla says production of the less expensive Model Y began in June and that it would go on sale in the fourth quarter of this year.

"It's just a Model Y. Let the cat out of the bag there," Musk said when asked about Tesla's budget-friendly EV in an earnings call.

Tesla's cheaper Model Y hints fail to impress as Wall Street eyes robotaxis and FSD tech amid slowing EV demand and waning brand interest.

The high-selling Model Y is crucial for both Elon Musk and Tesla, but a half-hearted reskin of the car hasn’t reversed the company’s sales woes. Would a complete overhaul have been a better bet?

Tesla Inc. (NASDAQ: TSLA) may be only one part of Elon Musk’s company portfolio, but a bad day for the electric vehicle (EV) leader is enough to bring his net worth down. Tesla announced poor second-quarter earnings,