Tesla Model Y Gets $1,000 Price Hike Across The Board In The US
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has increased the prices of all Model Y SUV versions in the U.S. by $1,000, with the base version now starting at $44,990. This move comes ahead of its Q1 deliveries report and follows a similar price increase in China. The company's vehicle deliveries in the last quarter of 2023 were 484,507, but expectations for Q1 2023 are for a year-over-year decline from the 422,875 deliveries reported in Q1 2022. Tesla's stock ended down 2.25% at $175.79.
April 01, 2024 | 7:52 am
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NEGATIVE IMPACT
Tesla Inc raised the prices of all Model Y versions in the U.S. by $1,000, with expectations of a Q1 delivery decline. Stock ended down 2.25% at $175.79.
The price increase for Tesla's Model Y could potentially dampen demand in the short term, especially if the anticipated Q1 delivery decline materializes. This, combined with the recent stock price drop, suggests a negative short-term impact on TSLA's stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100