Tesla's Latest Model Y RWD: Affordable, Efficient And Winter-Ready, Says Elon Musk
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has introduced a more affordable Model Y rear-wheel drive (RWD) in the United States, replacing the previous all-wheel drive (AWD) version. The new vehicle is priced $3,750 lower than the AWD version, with a starting price of $43,990. CEO Elon Musk stated that the RWD vehicle performs well on snow and ice with all-season or winter tires, and AWD is not necessary for winter driving. The new RWD vehicle has an EPA estimated range of 250 miles and is eligible for an EV tax credit of $7,500.
October 04, 2023 | 11:59 am
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POSITIVE IMPACT
Tesla's introduction of a more affordable Model Y RWD could potentially attract more customers, positively impacting its sales and stock price.
The introduction of a more affordable Model Y RWD could attract more customers due to its lower price point and assurance of winter-ready performance. This could potentially increase Tesla's sales, leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100