{"id":45101,"date":"2021-07-13T09:51:45","date_gmt":"2021-07-13T13:51:45","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=45101"},"modified":"2021-07-13T09:51:45","modified_gmt":"2021-07-13T13:51:45","slug":"tesla-inc-nasdaq-tsla-new-model-y-in-china-costs-20-less","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/tesla-inc-nasdaq-tsla-new-model-y-in-china-costs-20-less-45101","title":{"rendered":"Tesla Inc (NASDAQ: TSLA) New Model Y in China Costs 20% Less"},"content":{"rendered":"<p><span lang=\"EN-IN\">Tesla Inc (NASDAQ: TSLA) has introduced a cheaper version of its Model Y car in China. The car can drive 525 kilometers on a single charge. It has a starting price of 291,840 but customers can purchase it for 276,000 yuan with government subsidy for new energy vehicles.<\/span><\/p>\n<p><span lang=\"EN-IN\">After factoring in the subsidy, the new Model Y version costs about 20% less than the long-range variant priced at 347,900 yuan and offers 594 kilometers of driving range. In China, Tesla Inc (NASDAQ: TSLA) explains, a vehicle priced above 300,000 yuan is not eligible for government\u2019s new energy subsidy.<\/span><\/p>\n<p><span lang=\"EN-IN\">The additional version expands the Model Y selection for Tesla Inc (NASDAQ: TSLA) drivers in China. In addition to the new standard-range and long-range variants, there is also Model Y Performance version that costs 377,900 yuan and offers 480 kilometers of driving range.<\/span><\/p>\n<p><span lang=\"EN-IN\">The new Model Y has a rear wheel drive powertrain. The Long-range and Performance variants are both all-wheel drive powertrains. Tesla Inc (NASDAQ: TSLA) expects to begin deliveries of the cheaper Model Y in August. <\/span><\/p>\n<p><span lang=\"EN-IN\">JPMorgan analyst Ryan Brinkman recently reiterated a Sell rating with a price target of $160 on Tesla Inc (NASDAQ: TSLA) stock. Brinkman\u2019s price target suggests 75.49% downside potential. The analyst acknowledged that Tesla\u2019s global deliveries for the second-quarter were in line with consensus estimates. That led him to raise Tesla Inc (NASDAQ: TSLA) full-year deliveries target to 820,000 vehicles from 815,000. Moreover, the analyst hiked Tesla\u2019s 2021 EPS estimate to $4.20 from $4.10. But Brinkman observed that the bearish rating on the stock reflects the current stretched valuation and above-average execution risk.<\/span><\/p>\n<p><span lang=\"EN-IN\">Tesla Inc (NASDAQ: TSLA) stock closed at $685.70, up 4.38% in the last trading session. The volume was 23.26 million, the stock traded in the range of $662.16 to $687.24. The 52-week high is $900.40.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla Inc (NASDAQ: TSLA) has introduced a cheaper version of its Model Y car in China. The car can drive 525 kilometers on a single [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44313,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[15024,15416,13126,15415],"stock_ticker":[],"class_list":["post-45101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-jpmorgan","tag-nasdaq-tsla","tag-tesla-inc","tag-tesla-inc-nasdaq-tsla","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tesla Inc (NASDAQ: TSLA) New Model Y in China Costs 20% Less - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/tesla-inc-nasdaq-tsla-new-model-y-in-china-costs-20-less-45101\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla Inc (NASDAQ: TSLA) New Model Y in China Costs 20% Less - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Tesla Inc (NASDAQ: TSLA) has introduced a cheaper version of its Model Y car in China. 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