News

Tesla’s new Model Y Performance debuts with adaptive suspension, 360-mile range, faster acceleration, and upgraded interior, arriving soon in Europe.

Tesla introduces the Model YL in China, featuring a stretched wheelbase, six-seat layout, and upgraded comfort features. Priced from 339,000 yuan, it offers more space, heated and ventilated seats, and a massive cargo area. Performance remains strong with 4.5s acceleration and 751 km range. The YL could expand to the U.S., especially with the Model X nearing phase-out.

A federal judge certified a class action against Tesla, alleging the company misled drivers about Full Self-Driving hardware and autonomy. The case covers FSD buyers from 2016–2024 and marks a major legal setback for Tesla’s self-driving plans.

Tesla has updated its Model S and Model X lineup in the U.S., raising prices by $10,000 while introducing the new Luxe Package. The package includes Full Self-Driving (Supervised), lifetime free Supercharging, four years of premium service, and lifetime Premium Connectivity, making it a net gain in value for most buyers despite the price hike. The changes only apply in the U.S., not in Canada, and come as Tesla seeks to boost sluggish sales of its premium models.

Cybertruck resale prices plunge over 30% in a year, as Tesla faces falling sales, brand decline, and Musk-related controversies.

Despite Tesla’s hopes that a lightly refreshed Model Y would reverse its sliding sales figures, the update has largely failed to deliver the desired results. Market data shows year-over-year declines in key markets like the U.S., China, and Europe, while competition from Chinese automakers grows fiercer.

Elon Musk announced that Tesla shareholders will vote on whether the company should invest in his artificial intelligence startup xAI. This comes as SpaceX, another Musk-led venture, has already committed $2 billion to xAI. Integration of xAI’s Grok model into Tesla vehicles and Starlink support is underway, deepening ties among Musk’s enterprises. However, increasing political involvement and growing concerns over his divided attention raise questions among Tesla investors, especially as the company faces ongoing sales challenges.

Tesla’s Spring 2025 update excluded Intel Atom-based HW3 Model 3/Y vehicles from major new features, revealing a growing software divide. FSD owners on legacy hardware are now demanding free upgrades, clearer support timelines, and fairness as Tesla prioritizes newer platforms like HW4.