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Tesla shares fall 4% after announcing lower-priced Model Y and Model 3 Standard trims with reduced range and acceleration, aiming to combat declining sales and market share amid increased competition.
Tesla introduced more affordable Model Y and Model 3 versions under $40,000, aiming to boost sales and offset tax credit losses, but shares dropped amid tempered investor expectations and market caut…
Tesla launched a more affordable Model Y priced at $39,990, alongside a Model 3 starting at $36,990, aiming to attract budget-conscious buyers.