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Tesla Unveils Lower-Cost Model Y Variant to Boost Demand
Tesla Unveils Lower-Cost Model Y Variant to Boost Demand
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BTCCSquare news:
Tesla has launched a budget-friendly Model Y Standard in the U.S., priced at $39,990 with 321 miles of range. The rear-wheel-drive version sacrifices premium features like ambient lighting and dual displays to hit its aggressive price point—a strategic MOVE timed after the expiration of federal EV tax credits.
Production began in June, with mass manufacturing slated for late 2025. The release follows CEO Elon Musk's Q2 earnings hint and comes despite Tesla's record 497,099 Q3 deliveries exceeding Bloomberg's estimates. Stripped-down specs include limited color options and a single interior configuration, reflecting Tesla's focus on affordability amid slowing growth.
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