Musk said the Model Y would likely be the "best-selling car or truck of any kind in the world." Tesla currently only makes the SUV at two factories.

Car buyers can no longer use federal dollars to help pay for electric vehicles. Analysts expect a sharp drop in domestic sales.

LONDON, Aug 13 (Reuters) - Low resale values for electric cars have pushed the leasing firms that drive Europe's auto market to double prices over the last three years and some are threatening to quit ...