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

(www.theguardian.com)
62 points jethronethro | 1 comments | 23 Oct 25 01:52 UTC | HN request time: 0.001s | 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. Yokolos ◴[23 Oct 25 05:33 UTC] No.45678463[source]▶
But they did introduce a cheaper sedan this month. It happens to be called the Model Y as well. This is unambiguously true. I think your reading comprehension needs work. It's not saying this is the only Model Y or that there is no other Model Y.