Tesla, Model Y
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In addition, Tesla ( NASDAQ: TSLA) unveiled a new price for its standard rear-wheel drive Model 3 of $36,990. While Tesla ( TSLA) topped expectations with its Q3 deliveries report, analysts do not expect that tally to be matched in the next couple of quarters due to the pull-forward of electric vehicle demand to capture the EV tax credit.
The so-called Model Y Standard has leaked online, offering fewer features and luxuries along with a reported $5K savings over the current base version
Tesla unveiled a more affordable version of its best-selling Model Y SUV on Tuesday starting at $39,990, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising global competition.