Tesla launches a cheaper Y after our EV subsidies

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Tesla provided a more affordable version and stripped it of the leading Y Model Y Car, as the Elon Musk group was to slow the demand for the United States after the federal tax credits of the electric vehicle ended.

The new “standard” version of $ 37,990 is about 15 percent of the previous basic offer, and it contains 10 percent less than the excellent version.

The model also contains fewer features, lacks an automatic guidance function, a touch screen in the second row and hot seats. The company also revealed a more affordable version of the Model 3 sedan starting from $ 36,990.

The shares in the car maker fell more than 4 percent on Tuesday.

Tesla strikes in the third quarter of Tesla in the third quarter Record Last month, American consumers rushed to buy electric cars before canceling federal tax credits worth $ 7500.

But the group warned of difficult places in the future, as President Donald Trump is seeking to increase the rules to reduce vehicle emissions.

Competitive car manufacturers including Ford and Stellantis to GM expand the gasoline and hybrid assortment because they expect EV sales and strive to take advantage of the higher margins of the largest capture trucks and sports cars.

While more affordable Timing The models are designed to enhance the demand, and analysts wondered how these releases affect the company’s profit margins. Tesla looked at the launch of a lower price at a price of less than $ 25,000, but this plan was canceled last year.

In surrounding its profits in July, the Executive Director of Engineering in Tesla Lars Moravi confirmed that the goal of providing more models at reasonable prices, which the company began to produce in June, “does not negatively affect revenues or the total margin.”

In addition to Trump withdrawing EV incentives in the United States, Tesla is wrestling with weak demand in Europe due to the political activity of musk, as well as the rise of competitors such as byd.

BYD sales in the UK Tesla exceeded this year after the Chinese group sales rose nearly 10 times in September, according to the Association of Automobile Manufacturers and Traders. Globally, BYD also offers Tesla with a vehicle sales of 1.6 million vehicles this year compared to 1.2 million vehicles for the Musk Group.

Despite the last axis of artificial intelligence and self -driving robots, Musk will need to sell other millions of cars and achieve many other landmarks if it will receive a proposed salary package of $ 1 trolo over the next decade.