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The Street
  • 3 hours ago
Both are priced at $40,000 and under.
Transcript
00:00Tesla just dropped more affordable versions of its Model 3 and Model Y, $37,000 for the 3, $40,000 for the Y standard.
00:08But here's the catch. Those prices are still higher than better-equipped models were a week ago when the $7,500 tax credit applied.
00:16Might be why investors aren't impressed. Analysts, meanwhile, are mixed.
00:20Some see it as a win for consumers and a step toward higher delivery volumes.
00:24Others call it not much of a product catalyst, noting the price cuts are modest.
00:28CEO Elon Musk had promised a $25,000 mass-market EV, but that's on hold.
00:35These slightly cheaper versions aim to reach more buyers, reverse falling sales, and respond to rising competition in both Europe and China.
00:43But here's the risk. Lower-priced versions of existing models aren't new cars.
00:48That could mean the cheaper options become the default, limiting Tesla's ability to grow overall sales.
00:53Tesla reports earnings later this month.
00:56The cars are cheaper, but will they actually move the needle?
01:00That'll do it for your daily briefing.
01:01From the New York Stock Exchange, I'm Caroline Woods with The Street.
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