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Tesla offers cheaper versions of two electric cars in an attempt to restore its market share in the difficult year
Written by Bernard Condon
New York (AP) – Tesla has launched new versions and the cheapest of two models of its electric car on Tuesday, in the hope that the offers will help revive deteriorating sales, but investors got rid of its shares anyway.
The new Y, which costs a little less than $ 40,000 in a simple interior, comes in a harsh year for Tesla as it tries to attract more customers despite the old formation and intense competition from foreign electric car makers and the anti -Elon Musk, which targets the company.
The stock market reaction indicates that the news appears that the new models are not expected to help a lot.
“Investors were really looking for something that is really different, not a repetition of an old product,” said Evan Deruri, an analyst in Edmunds, speaking with Tesla’s decrease in a sharply decreased in the last minutes of trading. “I can’t imagine that this will return the levels to what they want.”
Tesla also announced a 3 cheaper version of 37,000 dollars. For the New York residents who benefit from the state’s deduction, the price was less than $ 35,000.
Tesla talked about a cheaper car to attract the most costly consumers for years, although the new “standard” price of “standard” models is much higher than the promised price of $ 25,000. It comes at a time when it is widely expected that customers will refrain from buying in the next few months due to the end of the recent federal tax credit of $ 7,500 for electric cars.
Tesla shares fell by 4.5 % to $ 443.09 on Tuesday after the day before the day was closed, up by more than 5 % anticipation to announce the new model.
Compared to the previous models, the new Y model comes with a shorter driving range of up to 321 miles, lower loudspeakers, an interior of the fabric, not of delicate deer. The model also lacks a panoramic glass roof and a touch screen in the second grade.
This model faces intense competition in a range of $ 40,000 for vehicle electric cars including Ford’s Mustang Mach-E, Chevrolet’s Equinox EV, and Hyundai’s Ioniq 5.
The new 3 also reduced the scope of driving, surrounding lighting and other features.
Originally published:
Tesla offers cheaper versions of 2 electric vehicles in bid to win back market share in tough year
