Tesla’s Model 3+ Sparks Speculation Amid Range Boost and Earnings Uncertainty
Tesla’s stock ROSE 3.21% to close at $329.65 ahead of its Q2 earnings release, with investors eyeing the potential impact of the newly unveiled Model 3+ in China. The variant, featuring an NMC battery and a less powerful motor, could push driving range closer to 400 miles—though U.S. availability remains uncertain due to regulatory hurdles.
Barclays maintained a cautious stance, keeping a $275 price target while labeling Tesla’s Q2 earnings outlook as 'confusing.' The market watches for whether the efficiency gains from the Model 3+ could translate to broader adoption or further disrupt the EV landscape.