Tesla launches low-cost Model 3 variant in Europe [BNN Bloomberg (Canada)]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: BNN Bloomberg
Tesla is grappling with softening demand across Europe, where new registrations have fallen sharply this year despite a refreshed Model Y line-up, with many buyers opting for competitor vehicles such as the Volkswagen and Chinese manufacturer BYD's Atto 3. The Model 3 - which Tesla describes in a post on X as having an “ultra-low cost of ownership” - drops some premium finishes and features but offers a driving range above 300 miles (480 km). Deliveries are expected to start in the first quarter of 2026. CEO Elon Musk has long promised mass-market vehicles, though last year he scrapped plans for an all-new $25,000 EV, opting instead to build lower-priced versions of existing models, a shift that has sparked concerns among analysts about cannibalizing sales of higher-margin cars. A low-cost Model Y crossover was launched in October as Tesla seeks to defend its market share against European and Chinese rivals offering increasingly lower-priced electric cars in Europe, with many s
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- Tesla's cheaper Model 3 & Y in Europe, Netflix–Warner Bros. backlash [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tesla Is Losing: Why This Time Is Different (Rating Downgrade) [Seeking Alpha]Seeking Alpha
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