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Tesla News Roundup: Model Y Price Cuts, India Rumors, and New Analyst Notes

Tesla News Roundup: Model Y Price Cuts, India Rumors, and New Analyst Notes

Shares of Tesla (NASDAQ: TSLA) opened the week sharply higher, as investors reacted to a series of news items, including a report that Tesla might be preparing to launch a small, affordable electric vehicle for India. Over the weekend, Electrek reported that Tesla has cut the U.S. price of its Model Y crossover SUV by $3,000, suggesting that demand for its latest model has been weaker than expected. The starting price for the Model Y is now $49,990, down from the $52,990 that Tesla had been charging since deliveries of the electric crossover began in March.