Why Tesla Took Off Standard Range Model Y From Its Offerings

Benzinga2021-02-23

Tesla Inc. is still offering the Model Y Standard Range, but only as an “off-the-menu” item, CEO Elon Musk said Monday.

What Happened: The electric vehicle maker made the move apparently due to the sport utility vehicle’s low range.

“It is still available off menu, but I don’t think the range, in many drive conditions, yet meets the Tesla standard of excellence,” Musk said on Twitter.

Why It Matters:As part of efforts to make some of its vehicles more affordable, Tesla had slashed the price of the base models of its Model 3 and Model Y vehicles last week. The company cut the price of the Model Y Standard Range by $2,000 to $39,990.

However, Electrek reported Sunday that the Palo Alto-based company has stopped taking orders for the vehicle and also removed the model from its online configurator.

The confusing moves on Tesla’s part come just over a month after it launched the Model Y Standard Range.

Tesla had originally announced the cheapest version of the Model Y in 2019, but Musk said at that time the company would not produce the Standard Range due to its “unacceptably low” range of less than 250 miles.

Price Action: Tesla shares closed more than 8% lower at $714.50 on Monday.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

发表看法
159