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Tesla (TSLA) Rebounds with Affordable Model Y as US Tax Credit Ends and European Competition Intensifies

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Tesla plans to launch a cheaper Model Y variant as it faces slowing sales in Europe and the loss of the US EV tax credit threatens demand.
  • Increased competition from Chinese EV firms in Europe and domestic market challenges press Tesla to sustain momentum with new models.
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TSLA price history

365.44 -12.53% over the displayed period

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