Tesla Launched Its 'Most-Affordable' Cars. Some Investors May Have Hoped for Cheaper
1. Tesla announced lower-priced versions of Model 3 and Y, starting below $40,000. 2. Shares fell nearly 5%, reflecting tepid investor reaction to pricing. 3. CEO Elon Musk hinted at even cheaper models for potential robotaxi services. 4. Model launch aims for 500,000 quarterly delivery run-rate to stimulate demand. 5. Record Q3 deliveries of 497,000 exceed analyst expectations despite EV credit expiration.