Tesla launched a refreshed version of its best-selling Model Y sport utility vehicle in the US and Europe as the company looks to reverse its first annual sales decline in over a decade.

Elon Musk's Tesla launched a new higher-priced version of the Model Y, its best-selling car, in the United States, Canada and Europe on Thursday, weeks after it was first released in China.

Tesla has officially launched the new Model Y in North America and Europe after launching it in China earlier this month. The difference is that Tesla is now taking orders for both the older and newer versions of its best-selling electric SUV. That’s a unique launch for Tesla. I don’t remember the automaker doing that before.

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. Tesla's new Model Y is in focus.The stock market rally saw further gains Thursday. The Dow Jones led and the S&P 500 hit a fresh high.

It's official. Tesla has finally launched the new Model Y refresh the in the United States as well as in most parts of the Europe.

The new variant also has redesigned exteriors, upgraded features inside and a slightly extended range of 320 miles (515 km), according to the company

Tesla has announced that its redesigned Model Y SUV is coming to the U.S., Canada, and Mexico in March, with a starting price just shy of $60,000. The