Tesla Is Selling a Cheaper Version of its Latest Car

Tesla Motors Inc. Model X SUV Reveal

strong consumer demand for larger vehicles, although falling sedan sales have meant a weaker overall automotive market. Tesla recently unveiled a sedan with a starting price of about $35,000. But that car, called the Model 3, won’t be available until next year at the earliest.

It has been a turbulent few weeks for Tesla and its chief executive, Elon Musk. Musk’s plan for Tesla to purchase struggling residential solar firm SolarCity, in which he is the largest shareholder as well as chairman, was broadly met with skepticism. Meanwhile, ethical questions have emerged about Tesla’s handling of a fatal accident involving its Autopilot semi-autonomous driving mode. And last week, the company reported lower-than-expected sales numbers.

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Source: New feed