Tesla Launches Six-Seater Model Y L in US to Boost Sales
TSLA sits 36% above its 52-week low of $288.77.
Summary
Tesla has launched a new six-seater, long-wheelbase Model Y L in the US, priced at $61,990 with 325 miles of range. This variant, which previously drove sales in China, is intended to boost demand in the US following the removal of a federal tax credit. The launch comes as Tesla just reported record-setting second-quarter delivery numbers that surpassed Wall Street estimates, indicating strong overall sales performance.
At the time of this announcement, TSLA was trading at $391.56 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $288.77 to $498.83. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.