New Tesla Model 3 Performance Could Be Coming To China Soon
Portfolio Pulse from Benzinga EV Insights
Tesla Inc (NASDAQ:TSLA) is preparing to launch an upgraded Model 3 Performance in China, expected to start sales in Q2 2024. The vehicle will be produced at Tesla's Gigafactory in Shanghai and the Fremont Factory in California. The Performance model, which was missing from the initial upgraded Model 3 launch in China and the U.S., will feature new rims, a revamped braking system, larger brake discs, and more capable tires. Mass production is set to begin at the end of March, and the vehicle is expected to be priced at around 400,000 yuan ($55,730). The launch is anticipated to solidify Tesla's leadership in the EV market.
January 29, 2024 | 3:41 pm
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Tesla is expected to launch an upgraded Model 3 Performance in China in Q2 2024, with production starting in March. The new features and competitive pricing are likely to enhance Tesla's market position in the EV sector.
The introduction of the upgraded Model 3 Performance in China is a significant development for Tesla, indicating continued innovation and expansion in a key market. The new features and the anticipation of the launch are likely to generate positive investor sentiment, potentially leading to an increase in stock price in the short term. The confidence score reflects the positive nature of the news but also accounts for market volatility and other external factors that could influence the stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100