- Tesla launched a new Model Y All-Wheel Drive variant and renamed its standard version, bringing the total Model Y variants in the U.S. to five.
- CEO Elon Musk announced the discontinuation of the premium Model S and X vehicles, marking a strategic shift away from those programs.
- The company’s future vehicle focus will center on the Model 3, Model Y, Cybertruck, and upcoming autonomous offerings like the Cybercab and Tesla Semi.
Late on Monday, Tesla Inc. (TSLA) launched a new Model Y variant in the U.S. and renamed its cheapest model, continuing its strategic product realignment. This move occurs as the company redirects its focus from traditional electric vehicles to robotics and vehicle autonomy. Consequently, the new Model Y AWD starts at $41,990, increasing the model’s U.S. lineup to five distinct versions. Prices now range from $39,990 to $57,490 for the popular Model Y.
This addition follows CEO Elon Musk’s recent announcement to discontinue the premium Model S and X vehicles. “It is time to bring the S/X programs to an end. It’s part of our overall shift to an autonomous future,” Musk stated on the company’s earnings call. Production of these models will wind down next quarter at the Fremont factory. That facility will subsequently be transitioned into production lines for the Optimus robot.
The change means Tesla’s near-future vehicle lineup will consist solely of the Model 3, Model Y, and Cybertruck. Musk clarified the company has no intent to pull back on the Cybertruck despite its current low sales volume. However, it is also considering adding autonomy features to that vehicle. Meanwhile, the refreshed Model 3 remains the cheapest option with a starting price of $36,990.
Other significant additions are also on the horizon for Tesla. The company plans to start production of its dedicated robotaxi, the Cybercab, later this year, which will have no pedals or steering wheel. It is also developing the Tesla Semi truck to expand its commercial fleet offerings and will unveil a new Roadster model in April.
On Stocktwits, retail sentiment around TSLA stock stayed within the ‘extremely bearish’ territory over the past 24 hours. Message volume remained high as the stock has gained 9% over the past 12 months, while market participants also noted other movements like the surge in Amprius stock according to reports.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
