American auto giant Tesla has introduced more affordable versions of its most popular models, the Model Y and Model 3, in the US market to boost sales. The presentation of the new models disappointed investors, and Tesla shares fell by about 4%. The latest versions are only $ 5,000 cheaper than their predecessors.
Tesla has recently lost market share due to increasing competition and a lack of affordable models. Although the company released a new version of the Model Y this year, the long-awaited low-cost electric car that Elon Musk promised has not been created.
