'Positive Signal,' Says Tesla Investor As EV Giant Raises Prices Of Certain Model Y Variants In US, China
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) has raised the prices of certain Model Y variants in the US and China, a move that has been met with optimism by investors. The price of the Model Y dual-motor, all-wheel-drive, Long Range variant in the U.S. is now at $48,990, a $500 increase. In China, the price of the high-end, dual motor, all-wheel-drive, performance variant is 363,900 yuan ($49,738), up from the previous pricing of 349,900 yuan ($47,825). This comes after Tesla's core auto gross margin has been on a declining trend due to price cuts since January 2023.
October 27, 2023 | 5:48 am
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POSITIVE IMPACT
Tesla's decision to raise the prices of certain Model Y variants in the US and China is seen as a positive signal by investors. This move could potentially help improve Tesla's core auto gross margin, which has been declining due to price cuts since January 2023.
Tesla's decision to raise prices is seen as a positive signal by investors as it could help improve the company's core auto gross margin, which has been declining due to price cuts. This could potentially lead to an increase in Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100