A pared-down Model Y might do little to lift Tesla sales. To really get people excited about the brand again, Tesla needs “actual new vehicle models,” one analyst said.

"It's just a Model Y. Let the cat out of the bag there," Musk said when asked about Tesla's budget-friendly EV in an earnings call.

Tesla says production of the less expensive Model Y began in June and that it would go on sale in the fourth quarter of this year.

Tesla's cheaper Model Y hints fail to impress as Wall Street eyes robotaxis and FSD tech amid slowing EV demand and waning brand interest.

The high-selling Model Y is crucial for both Elon Musk and Tesla, but a half-hearted reskin of the car hasn’t reversed the company’s sales woes. Would a complete overhaul have been a better bet?

Wall Street may be skeptical about Tesla’s upcoming quarters, but CEO Elon Musk made four surprising announcements that could be game-changers — if they prove true.

Tesla CEO Elon Musk speaks beside the new Tesla Model Y, right, after introducing it at the Tesla Design Studio in Hawthorne, Calif. on Mar. 14, 2019. (Frederic J. Brown / AFP/Getty Images) 3 / 4.

Tesla owners in Austin, Texas, are collaborating with police to identify an alleged serial vandal captured on Sentry Mode footage slashing multiple vehicles' tires.