The move comes as part of its plan to cut more than 10% of its global workforce amid dropping sales and rising competition

The talk of new offerings on a faster timeline sent Tesla shares soaring in after-hours trading

Elon Musk's electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990

India's EV market is small but growing and dominated by local carmaker Tata Motors

Sales rose 27% in China and 15% in the United States and Canada

The automaker will continue developing self-driving robotaxis on the same small-vehicle platform

EV sales in the world's largest auto market are expected to account for 40% of the 23 million cars sold this year

taxi operators and drivers, who alleged they lost income when the ride-hailing company moved into Australia