Model 3

Model 3 rear-wheel drive variant is priced at $38,990, while long-range variant costs $45,990

The carmaker has been building a factory in China since January

But the customers will not have the option to buy the car at the end of the lease

Its global sales would now be online-only

The email stated that employees will be able to lease a Model 3 within the next two weeks

The second price cut now brings the cost of its least expensive variant to $42,900

The company also said it expects fourth-quarter profit to be lower than the preceding quarter

Musk tweeted a list of Tesla stores open until midnight

The car was introduced to the public in early 2016 amid great fanfare

The electric carmaker said it will cut prices of the two models by 12-26 per cent

The latest generation of Sprinter vans debuted in February

According to the electric carmaker's China website

The SEC issued subpoenas over certain projections that we made for Model 3 production rates during 2017

While Musk is referred to as chief executive officer in Tesla’s investor relations web page

Citron Research released a note to investors outlining reasons it thought the smart move is to be "long"

The new version has a delivery period of six to 10 weeks

Shares skidded as word spread of a criminal investigation triggered by his Twitter comments

On behalf of short seller Andrew Left and that it is asking for class-action status

Following a 4.2 per cent decline after Mercedes introduced its first fully electric car

The incentive program provides rebates of up to $10,640 for people who bought electric cars

Musk first surprised investors with his plan by tweeting that he had funding secured for a go-private deal

As Wall Street questioned Musk’s ability to lead the electric car maker

Musk stunned investors by announcing that he was considering taking Tesla private

The company draws both love and hate on Wall Street being simultaneously favored by institutional investors

Short-sellers aim to profit by selling borrowed shares

Musk is under intense pressure to prove he can deliver consistent production numbers for the sedan

The car generates net profit margins in excess of 30 per cent

It pulled out all the stops in the final week of June to meet its goal of making 5,000 Model 3s in a week

He is already the electric car maker’s largest shareholder and now owns 33.74 million shares worth about $11.6 billion

A spate of recent crashes has brought the system under regulatory scrutiny

The driver had been given two visual alerts and one auditory alert to place his hands on the steering wheel

Shareholders re-elected three directors and voted against a proposal to wrest the chairman role from Musk

The challenges the company faced with Model 3 were frank and in plain language

This would be up quite a bit from the weekly production rate of 2,270 it hit in the last week of April

Musk refused to answer questions from analysts on the electric vehicle maker’s capital requirements

The state’s Occupational Safety and Health Administration disclosed the inspection on Wednesday

The company will also begin working around the clock on the Model 3 sedan

It was the second time since February that the company has temporarily shut down its production line

The company listed 31 unnamed investors as participants in the funding round

The Silicon Valley car maker said 10 days ago it would have positive cash flow from the third quarter

Tesla may not gain access to some information obtained by the agency’s investigators

Elon Musk is accepting preliminary bids for supplier contracts on the Model Y

Tesla shares jumped as much as 6.9 per cent in morning trade

The company tumbled the lowest close in almost a year, after news of the investigation

Money-losing Tesla’s long-term viability depends on annually selling billions of dollars of Model 3s

The problems with battery production at its Gigafactory in Sparks, Nevada, are worse than it had acknowledged

Its shares recouped some of their losses on Thursday after falling as much as 3.6 per cent

It was to be built on the same platform as the Model 3 sedan and scheduled to begin production in mid-2019

Shares sank 4.7 per cent which also showed its largest deficit ever

The company said it has received some 450,000 pre-orders for the Model 3