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TSLA
Business Insider
26 days

Elon Musk says Tesla has started making the product investors have been begging for

1. Tesla's budget EV resembles Model Y, revealed by Elon Musk. 2. Affordable model aims to compete with low-cost Chinese rivals. 3. Musk emphasized affordability as a key obstacle for EV ownership. 4. Improved self-driving features may enhance affordability for customers. 5. Model Y previously led global car sales; competition is increasing.

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FAQ

Why Bullish?

The announcement of a budget-friendly Tesla can increase market share and sales. Historically, affordable models have driven growth for automotive companies.

How important is it?

The budget model's potential can significantly impact investor sentiment and sales trajectory.

Why Long Term?

Building a budget model could take time, impacting sales positively in upcoming years.

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