Tesla stock slumps after initial jump on X posts teasing product launch, reported to be cheaper Model Y
Elon Musk’s shares in Tesla (TSLA) fell after the electric vehicle manufacturer’s new product implied on a series of encrypted poles in X on Sunday, a peeled and cheaper version of the model Y SUV.
Tesla shares won more than 5.4% by the closing Çan on Monday after the home manufacturer’s release of GIFs on Sunday. Returning company logo With the date of “10/7” and what appears Car headlights shining from smoke.
The stock fell more than 1% in the first hour after the opening bell on Tuesday.
Model Y-Hiçtir “Use less premium material that lacks certain features According to Bloomberg, to balance the loss of federal tax loan up to $ 7,500 ” He introduced himself to “Robotaxi”.
The new model Y description comes after another positive development for the electric vehicle manufacturer. On October 2, Tesla reported that home deliveries were from three months to September. 7 % jumped In the same period last year and defeated Wall Street expectations.
Delivery gains are at least partly by the analysts to end the Federal Electric Vehicle Tax loan at the end of September. Rivian (Rivn) rival home manufacturers High figures sent For the period.
Delivery for Teslas spent most of the time of Musk in Washington in the first half of 2025, and again, with the Trump administration, again and again, again and again in politics. According to Tesla statements, deliveries for the first and second quarters of 2025 fell by 13% and 13.4% per year, respectively.
TESLA set to report earnings On October 22The company’s annual shareholder meeting will be followed on 6 November.
Jake Conley is a last -minute news reporter covering US stocks for Yahoo Finance. Follow him on x at @byjakeconley or send E -mail from this address. jake.conley@yahoinc.com.
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