Amid growing protests against CEO Elon Musk and its worst sales in three years, Tesla releases a new, cheaper version of the Model Y.

Tesla has started taking orders for its cheaper rear-wheel drive Model Y in the US. The $45,990 vehicle costs $37,490 after federal tax subsidies (as long as they still exist ), making it the second-cheapest EV in the company’s lineup after the RWD Model 3.

U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's top economic official He Lifeng in Switzerland this weekend for talks, U.S. and Chinese officials said, in what could be a first step toward resolving a trade war disrupting the global economy.