Tesla (NASDAQ:TSLA) stock rose nearly 12% overnight on CEO Elon Musk’s promise of “cheaper models” in 2025. However, these will not include the long-awaited Model 2. Instead, Musk said Tesla ...

It plans to launch a six-seat variant of the Model Y later this year in China, a market of increasing importance as sales plunge in Europe and the U.S., sources have said.