Tesla’s ‘affordable’ Model 3 and Y debut
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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 new Model Y Standard faces stiff competition from the Hyundai Ioniq 5, the Chevrolet Equinox EV and the Ford Mustang Mach-E.
Tesla's lower-priced versions of its staple Model Y SUV and Model 3 sedan face an uphill battle in the region where Elon Musk's company arguably needs help the most: Europe.
A new study suggests yet another theory for a possible extra planet in our solar system, likely of a size between Mercury and Earth. The authors dubbed it Planet Y.