Tesla is expected to provide more details about an affordable vehicle in June. That, more than Robotaxi, may be the biggest driver of Tesla’s stock price in the coming months.

Tesla launched a cheaper version of its Model Y vehicle in the United States on Tuesday. The new long range rear-wheel drive version costs about $44,990, before a $7,500 federal tax credit, the electric vehicle makers' website showed.

Tesla (NASDAQ: TSLA) has introduced a lower-priced version of its popular Model Y SUV in the U.S., aiming to boost demand amid declining sales and intensifying competition. The new long-range rear-wheel drive Model Y