Tesla rolls out cheaper Model 3 in Europe as EV competition grows

Core Insights - Tesla has launched a lower-priced Model 3 Standard in Europe to cater to the increasing demand for affordable electric vehicles [1] Company Developments - The introduction of the new Model 3 Standard is part of Tesla's strategy to expand its product range [1] - The update was made available on the company's website, indicating a proactive approach to meet market needs [1] Industry Trends - There is a growing trend among consumers seeking more affordable electric vehicles, highlighting a shift in market demand [1]