Tesla Shares Take a Hit Despite Elon Musk's Major Announcement: 'Everyone Pretty Much Saw [It] Coming'

Tesla shares take a hit despite Elon Musk's major announcement: 'Everyone pretty much saw [it] coming'

The announcement of two "new" cars didn't make much of a splash for Tesla last week, as the company's stock actually fell immediately afterward. What's happening? In early October, Tesla announced new, cheaper models of its Model Y and Model 3. As the BBC reports, the move appears to be Tesla's way to boost sales in the fourth quarter after the expiration of the United States' federal tax credit on electric vehicles. But Wall Street didn't seem …

Wall Street Says ‘Bravo’ to Tesla on New Model Y, Model 3 Prices. Should You Buy TSLA Stock Here?

Tesla shares have dipped slightly despite analysts praising the EV giant’s latest Model Y and Model 3 price cuts, seeing renewed delivery momentum but mixed implications for margins and valuation.