Elon Musk-led Tesla Expands Lineup With Budget-Friendly Model S And X Versions
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has launched two new budget-friendly versions of its Model S and X vehicles. The new 'standard range' Model S and X are priced $10,000 lower than the long-range vehicles and have a smaller range. In Q2, Tesla delivered a total of 466,140 vehicles with the majority being lower-end Model 3 and Y. It delivered 19,225 Model S/X vehicles and produced 19,489.
August 15, 2023 | 2:26 am
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Tesla's launch of budget-friendly versions of Model S and X could potentially boost sales, given the lower price point. However, the impact on the stock price is uncertain as it depends on market reception and sales performance.
The launch of new, lower-priced versions of Model S and X could attract more customers due to the lower price point, potentially leading to increased sales. However, the impact on Tesla's stock price is uncertain and will depend on how well these new models are received by the market and how they perform in terms of sales.
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IMPORTANCE 75
RELEVANCE 100