Is Tesla's Range Anxiety Real? Model Y Variant Loses More Miles In Surprise Update
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has reduced the estimated range of its Model Y Long Range AWD variant by 2 miles, following a previous 20-mile reduction in January. The new range is now 308 miles. The EPA estimated ranges for other versions remain unchanged.
June 03, 2024 | 5:38 am
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Tesla has reduced the estimated range of its Model Y Long Range AWD variant by 2 miles, now at 308 miles. This follows a previous 20-mile reduction in January. The EPA estimated ranges for other versions remain unchanged.
The reduction in the estimated range of Tesla's Model Y Long Range AWD variant could negatively impact consumer perception and demand, potentially affecting short-term stock prices. However, the unchanged ranges for other versions and stable starting prices may mitigate some of the negative impact.
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