Tesla
TSLA
The factory upgrades carried out over the last quarter should actually help Tesla eventually boost sales with new models. For perspective, Tesla scaled back on production at its Austin, Texas factory as it preps to manufacture the Cybertruck. The company held back on production in China as it worked to launch an upgraded version of its Model 3 sedan. Separately, Tesla just reintroduced the rear-wheel-drive version of its popular Model Y crossover-sized vehicle in the U.S. at a price of about $44,000. After accounting for the Federal tax credit of $7,500, the electric vehicle could cost qualifying customers just about $36,500. The lower starting price on the Model Y should make Tesla’s most popular vehicle more competitive than gasoline-based vehicles in the segment.
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