Tesla Launches Model Y RWD Variant That Can Go Upto 320 Miles On A Single Charge: Elon Musk Promises More Range On Discontinued Variant For Additional $1500 To $2000
Portfolio Pulse from Anan Ashraf
Tesla Inc has introduced a new Model Y Long Range RWD variant in the U.S. with a 320-mile range, priced at $44,990. Elon Musk announced that older Model Y RWD versions could gain 40 to 60 miles of range for an additional $1500 to $2000, pending regulatory approval. This launch follows a recent Model 3 Performance variant release and comes after Tesla reported an 8.5% decline in Q1 deliveries, the first drop in about four years.
May 04, 2024 | 5:17 am
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POSITIVE IMPACT
Tesla's introduction of a new Model Y variant and the ability to upgrade older models for additional range could stimulate sales and potentially impact stock positively in the short term.
The launch of a new Model Y variant with improved range and the option for existing customers to upgrade their vehicles for additional range could enhance Tesla's product appeal and drive sales. This, combined with the recent decline in quarterly deliveries, suggests that the company is actively seeking ways to rejuvenate its sales momentum. Such initiatives are likely to be viewed positively by investors, potentially leading to a short-term uplift in Tesla's stock price.
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IMPORTANCE 85
RELEVANCE 100