Tesla opened two new markets in less than 24 hours, launching in Latvia and Uruguay in back-to-back announcements this week.

The dual entry completes Tesla’s expansion across all three Baltic states and gives the automaker its third market in South America — two very different markets that show how the company is chasing growth wherever it can find it.

Xpeng launched its new L03 electric SUV-coupe in Europe this week with a starting price of €34,990 — undercutting the Tesla Model Y by roughly €3,400 in Germany and by around $10,000 in Norway.

The pricing puts a well-equipped 4.65-meter electric SUV directly under Tesla’s best-seller in its highest-volume segment, and deliveries start in the fourth quarter.

Tesla is launching a new “guaranteed future value” (GFV) program that locks in a pre-set resale price for buyers financing a new Model Y or Model 3.

The move directly targets the depreciation fears that have followed Tesla’s own aggressive price cuts over the last two years.

Lucid has registered the design of its upcoming Cosmos with the European Union Intellectual Property Office, giving us the clearest look yet at the sub-$50,000 crossover the automaker is betting its future on.

The filing, published last week, shows the production design of Lucid’s first mass-market EV from every angle, inside and out, months before its expected reveal this summer.