Tesla Cuts Model Y Price, EU FSD Vote Delayed, Q3 Earnings Set for Oct 21
TSLA sits 27% above its 52-week low of $297.38.
Summary
Tesla cut the Model Y base price to about $53,000 in May, and September registrations hit a record 294, signaling demand recovery. EU approval for Full Self-Driving is delayed—the vote moved to October, making a bloc-wide decision unlikely before December. Q3 earnings are set for October 21, with fiscal.ai forecasting about $27.9B revenue and ~$0.45 EPS. UBS raised its price target to $391 from $385, keeping Buy. Musk said Tesla and SpaceX will build and own the Terafab AI chip plant in Texas. Tesla now runs robotaxi service in seven U.S. metro areas with 1.48 million active FSD subscriptions. Dutch regulators approved a Europe-specific FSD, but European regulators are questioning safety claims over a speed-offset feature. TSLA fell about 1% in early trading amid the regulatory scrutiny.
At the time of this announcement, TSLA was trading at $378.12 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.