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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: 0.208s | 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. 3eb7988a1663 ◴[23 Oct 25 02:49 UTC] No.45677668[source]▶
Blame Tesla for the branding. Wikipedia on the Model Y L[0]

  In June 2025, Tesla introduced the three-row, six-seater version of the Model Y, marketed as the Model Y L.[84] Debuting in China and produced at Gigafactory Shanghai, the variant introduces a six-seat configuration with a lengthened cabin and upgraded interior features. It is equipped with 19-inch aero wheels in a new design and offers a new exterior colour option called Cosmic Silver. Deliveries in China commenced on September 2, 2025.[85]
[0] https://en.wikipedia.org/wiki/Tesla_Model_Y