Tesla plans to release more affordable models this year in response to growing pressure from global competitors. The EV giant said it is resolving last-minute issues with its upcoming product while grappling with trade and global production challenges. Tesla has recently delayed the launch of its affordable Model Y, despite ongoing headlines about a lower-cost vehicle. Tesla reported a weak quarter marked by declining sales and growing investor criticism over Elon Musk’s political involvement. Musk told investors he plans to scale back his commitments to the Department of Government Efficiency.
