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Tesla Stock Edges Higher as Reviews of ‘New’ EVs Tickle In

1. Tesla launched lower-priced Model 3 and Model Y versions, starting at $37K and $40K. 2. Edmunds reported mixed reviews: Model Y lacks sportiness; Model 3 performs well. 3. Tesla stock rose by 1.3%; investors are optimistic about AI despite declining sales. 4. Upcoming Q3 results on October 22 will focus on new vehicles and orders. 5. Stock has increased 8% this year, outpacing general market growth.

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FAQ

Why Neutral?

The new Model 3 and Model Y pricing may attract budget-conscious buyers but doesn't guarantee substantial sales growth, similar to previous price adjustments that had mixed results.

How important is it?

The introduction of lower-priced models directly relates to Tesla's sales strategy; however, questions remain about long-term value and competitiveness.

Why Short Term?

The immediate impact revolves around the upcoming Q3 earnings report, which could sway investor sentiment depending on order numbers and sales updates.

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