Reported about 13 hours ago
Tesla has responded to the end of electric vehicle tax credits and declining sales by launching lower-cost versions of its popular SUV and sedan. While this move aims to increase competitiveness in pricing, it raises questions about the company's focus on its ambitious AI transition. The new models reflect a shift towards 'shrinkflation' in the electric vehicle market, diluting earlier promises for a mainstream $25,000 option. This strategy appears to be a temporary fix as Tesla navigates financial uncertainties while still promising advanced technology in the future.
Source: YAHOO