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Tesla reports steep drop in profits despite US rush to buy electric vehicles

(www.theguardian.com)
61 points jethronethro | 1 comments | 23 Oct 25 01:52 UTC | HN request time: 0.218s | source
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TGower ◴[23 Oct 25 02:44 UTC] No.45677632[source]▶
Very hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competitors." Also the claimed "Rush to buy electric vehicles" put revenue only 2% above expectations?
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1. Retric ◴[23 Oct 25 02:49 UTC] No.45677667[source]▶
They just refreshed the Model Y with a new “standard” model which they are also just calling Model Y with the old base model now being called Premium.

So what they said is correct but a little misleading, perhaps as a dig on Tesla’s naming conventions.