US EditionTesla to delay US launch of affordable EV, a lower-cost Model Y: Reuters
- Tesla is delaying the launch of a more affordable version of the Model Y and Model 3, originally expected in early 2025, until late 2025 or early 2026, according to sources reported by Reuters.
- Tesla's stock fell 6% following the news of the delays, extending a year-to-date decline to 44%.
- Barclays lowered Tesla's price target from $325 to $275, citing lower vehicle deliveries and profit margins ahead of the company's quarterly earnings report.
- The potential delays are concerning investors, as noted by Wedbush analyst Dan Ives, who mentioned that tariffs are further hindering the release of lower-cost models.
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Tesla Model Y seen testing under wraps in India ahead of launch
Following years of back and forth between Tesla and the Indian government, the automaker is finally expected to launch sales in the country in the coming months, and one of the company’s vehicles was spotted testing over the weekend. On Sunday, a privacy-wrapped Model Y was seen driving in India and was posted on Reddit, as Tesla prepares to debut vehicle sales in the country for the first time. The news comes a little over a month after Tesla b…
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Total News Sources47
Leaning Left5Leaning Right4Center9Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 28%
C 50%
R 22%
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