Tesla Scraps These Lower-Cost Standard Range Models Just Weeks After Launch
Portfolio Pulse from Anan Ashraf
Tesla Inc has removed its recently introduced standard range Model S and X versions from its website, just weeks after their U.S. debut. These variants were priced $10,000 lower than the long-range models. Tesla has also reduced prices by up to 19% on the remaining models, making the Model X eligible for a $7,500 EV tax credit. This adjustment reflects Tesla’s strategy to streamline its offerings and maximize affordability for customers.
September 01, 2023 | 8:08 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Tesla's decision to discontinue the standard range Model S and X and reduce prices on remaining models could potentially attract more customers, boosting sales and positively impacting the stock price.
Tesla's decision to discontinue the lower-cost models and reduce prices on the remaining ones is a strategic move to streamline its offerings and maximize affordability. This could potentially attract more customers, leading to increased sales and a positive impact on the stock price. However, the actual impact will depend on how the market perceives this move and whether it translates into increased sales.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100