Elon Musk Denies Rumors Of Model Y Refresh Yet Again, Urges Fans To Stop Speculating Over Fear Of Hurting Tesla Sales
Portfolio Pulse from Anan Ashraf
Elon Musk has denied rumors of a refreshed Tesla Model Y launching this year, urging fans to stop speculating to avoid hurting current sales. The Model Y is Tesla's bestselling car, and rumors of a refresh emerged after the re-engineering of the Model 3. Despite a 4.8% drop in global deliveries in Q2, Tesla still beat consensus estimates.
July 08, 2024 | 8:16 am
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Elon Musk denied rumors of a refreshed Model Y launching this year, urging fans to stop speculating to avoid hurting current sales. The Model Y is Tesla's bestselling car, and rumors of a refresh emerged after the re-engineering of the Model 3. Despite a 4.8% drop in global deliveries in Q2, Tesla still beat consensus estimates.
Elon Musk's denial of a refreshed Model Y aims to stabilize current sales, which is crucial as the Model Y is Tesla's bestselling car. The news may have a neutral short-term impact on Tesla's stock price as it reassures investors about the stability of current sales but does not introduce any new growth catalysts.
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IMPORTANCE 80
RELEVANCE 100