Model 3

Tesla has launched a summer collection of car accessories, including a $595 dual-zone fridge for the Model Y, air mattresses, and tents. The products aim to boost post-purchase revenue and brand loyalty, leveraging standardized vehicle designs for accessory compatibility. The release comes amid competition from EV rivals like Rivian and Slate.

Tesla reported a 25% increase in car deliveries for the second quarter, with 480,126 vehicles delivered compared to 384,122 a year earlier, as European sales rebounded after a backlash against Elon Musk's political affiliations. The company attributes the growth to cheaper Model Y and Model 3 models and expanding approval of its Full Self-Driving feature in Europe.

A US road safety regulator has opened an investigation into a Tesla Model 3 crash in Texas that occurred while the vehicle was reportedly operating in self-driving mode, resulting in the death of a woman.

Tesla’s Shanghai Gigafactory reported a 39.4% year-over-year increase in May deliveries, reaching 85,982 Model 3 and Model Y vehicles. However, the company faces growing competition from domestic rivals launching new models in China’s recovering electric vehicle market.

Xiaomi is launching its upgraded YU7 SUV to compete with Tesla's bestselling Model Y in China, leveraging a low-cost strategy after its SU7 sedan outsold the Model 3. However, the company's shares fell slightly, and its Q1 profits missed estimates due to rising memory chip costs impacting its smartphone business.

Tesla is reportedly reviving plans to build a new, smaller, and cheaper electric SUV, distinct from existing models like the Model 3 and Y. The project, based on anonymous sources, aims to first manufacture the vehicle in China before expanding to the US and European markets.

Tesla is developing a new smaller EV, according to anonymous sources, with production planned in China. The vehicle would be significantly shorter than existing models like the Model 3 and Y, but potential US sales face challenges due to import tariffs.