Tesla Drops RWD Variant Of Model 3 And Model Y In Canada, Following US Strategy, Replacing Them With Long Range Versions
Portfolio Pulse from Anan Ashraf
Tesla Inc. (NASDAQ:TSLA) has discontinued the rear-wheel drive (RWD) variants of its Model 3 and Model Y in Canada, following a similar strategy in the U.S. The company now offers long-range RWD versions as the cheapest options for these models.
October 07, 2024 | 12:14 pm
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Tesla has removed the RWD variants of Model 3 and Model Y in Canada, aligning with its U.S. strategy. The long-range RWD versions are now the cheapest options, potentially impacting sales and market positioning.
Tesla's decision to drop the RWD variants in Canada, following the U.S. strategy, suggests a focus on promoting long-range models. This could enhance Tesla's market position by offering more value in terms of range, potentially boosting sales. The move aligns with Tesla's broader strategy of phasing out less popular variants, which could positively impact stock prices as it may lead to increased demand for the long-range models.
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