Tesla Model Y Debuts At $39,990 On Heels Of Cryptic Video

Benzinga

Tesla unveiled a new $39,990 Model Y, its first launch since the Cybertruck, sparking a 5% stock surge. The debut, paired with an upgraded self-driving system and Musk’s $1B stock buy, marks a strong rebound for the automaker.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tesla shares rose 5% after unveiling a new Model Y priced at $39,990,

00:08its first initiative to the Tiber truck, according to Benzinga.

00:11Launch coincides with an update to Tesla's supervised self-driving software,

00:14drawing strong investor and consumer interest.

00:17Weekend teaser videos showing spinning parts and glowing headlights

00:20fueled speculation about a new model and the long-awaited Roadster.

00:24Model Y announcement comes as Tesla rebounds from a steep early-year slump,

00:28hitting 40% in the third quarter and 9% year-to-date.

00:31I'll buy Elon Musk's $1 billion stock purchase.

00:34For all things money, visit Benzinga.com.

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