Tesla Introduces Budget-Friendly Model Y and Model 3 Amid US Tax Credit Changes
TL;DR Summary
Tesla has launched a cheaper, stripped-down version of its Model Y following the end of US EV federal tax credits, aiming to boost demand amid declining subsidies and rising competition, but shares fell as analysts questioned profit margins and demand weakens in Europe due to Musk's political activism and increased competition from companies like BYD.
- Tesla launches cheaper Model Y following end of US EV subsidies Financial Times
- Tesla reveals cheaper Model Y and Model 3 Standard versions Yahoo Finance
- Tesla’s new cut-price EVs: A $39,990 Model Y and $36,990 Model 3 Ars Technica
- Tesla debuts cheaper versions of Model Y and Model 3 electric vehicles Axios
- Tesla Unveils $37,990 Model Y to Counter Loss of US Tax Credits Bloomberg.com
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