Tesla Launches Mannequin Y RWD Variant That Can Go Upto 320 Miles On A Single Cost: Elon Musk Guarantees Extra Vary On Discontinued Variant For Extra $1500 To $2000 – Tesla (NASDAQ:TSLA)


EV large Tesla Inc TSLA has launched a brand new long-range rear-wheel drive (RWD) model of its best-selling Mannequin Y SUV within the U.S.

What Occurred: The brand new Lengthy Vary RWD model has an estimated vary of 320 miles, a prime pace of 135 mph, and may go from 0-60 mph in 6.5 seconds. It begins at $44,990, the identical beginning worth because the rear-wheel drive model of the automobile it has changed on the web site.

The changed RWD variant had a variety of simply 260 miles.

Tesla CEO Elon Musk took to social media platform X to state that the older RWD autos constructed by the corporate over the previous a number of months can get extra vary for an extra $1500 to $2000 relying on the battery cells employed. This may add 40 to 60 miles of vary to the automotive, he stated, whereas including that the corporate is working by means of regulatory approvals to allow it.

“Now we have to pay the payments in some way,” Musk stated as a cause for the additional cost.

Why It Issues: The brand new variant of the Mannequin Y comes weeks after Tesla launched a brand new Mannequin 3 Efficiency variant within the U.S. The brand new Mannequin 3 variant has extra energy as in comparison with the opposite two variations of the mass-market electrical sedan.

This got here after Tesla reported an 8.5% year-on-year decline in first-quarter deliveries with 386,810 autos delivered internationally, marking the primary time Tesla has reported a drop in quarterly deliveries in about 4 years because the COVID-19 pandemic in 2020. The corporate attributed the decline in quantity partially to the manufacturing ramp of the refreshed Mannequin 3 at its Fremont manufacturing facility.

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Learn Extra: S&P Dials Down Tesla’s Governance Rating Amid Considerations Over Elon Musk’s Dominance — However Retains ‘BBB’ Credit score Score

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