Reported 1 day ago
Tesla's stock experienced a decline following an initial surge when the company hinted at a new, budget-friendly version of its Model Y SUV through cryptic social media posts. The stock rose by over 5.4% on Monday after the teasers but fell by more than 1% on Tuesday morning. This new Model Y aims to compensate for the loss of a federal tax credit by offering fewer features and using less expensive materials. Tesla's recent delivery report showed a 7% increase compared to last year, despite struggles earlier in 2025.
Source: YAHOO