Tesla launches new, cheaper EV models to regain lost market share

Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday, hoping these offerings would help revive flagging sales. However, investors reacted negatively, dumping the stock regardless of the news. The new Model Y, priced just under $40,000 with a stripped-down interior, arrives during a brutal year for the company. Tesla is struggling to attract more customers amid an aging product lineup, stiff competition from foreign EV makers, and anti-Elon Musk boycotts. The stock market's reaction suggests the new models are not expected to provide a significant boost.

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