Tesla has officially revealed the 2025 Model Y "Juniper," the most significant update to the best-selling electric SUV since its debut in 2019.

The standard-plus trim of Tesla's Model 3 sedan has 240 miles of range, while the 2020 Chevrolet Bolt EV will have 259 miles of range.

Ferrari's CEO Sergio Marchionne said Tuesday that the company will build an electric supercar and an SUV.