We have cars, crypto, and Cuba stories for you this morning.

I'm David Brancaccio in Los Angeles. We'll find out how the summer was for Tesla after the market closes later today. This month, the company unveiled Newin, in some cases, cheaper electric cars.

Rivals Hyundai, Chevy, and Ford are also promising to discount

EVs or to roll out more affordable models at a time Congress in the White House have turned

off federal electric car subsidies. Marketplaces, Savannah Peters, has more. For the last three years,

electric vehicle sales were getting a lot of help from federal tax credits that knocked as much as $7,500 off

the price of a new EV. In this era of people struggling with affordability, that really helped a lot.

Says Jessica Caldwell, head of insights at Edmonds, but as of the first of the month, that

incentive was ended by the GOP tax and spending bill.

And so now it's up to automakers, really. The training rules have come off. They have to figure out how to sell these vehicles on their own merit.

For some automakers, that means offering more budget-friendly EVs, with fewer bells and whistles and price tags comparable to gas-powered cars. Chris Harto, with

Consumer Reports, says that's a product lots of car shoppers have been looking for.

There has been sort of a limited supply of vehicles in that sweet spot between $30,000 and $40,000,

which is really where a lot of Americans who buy new cars are

looking.

Hartow says those smaller, cheaper models won't turn as much profit, but automakers hope

they'll keep the EV market growing, so they can sell more expensive ones down the road.

I'm Savannah Peters for Marketplace.

America's Central Bank is looking at ways digital assets like crypto could play nice with the

old school financial system. The Fed convened a conference yesterday to look at new ways to pay.

Marketplace's Nancy Marshall-Genzor monitor proceedings.

Fed Governor Christopher Waller says the central bank needs

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