According to reports, Tesla (TSLA) has stopped taking orders for the cheapest version of its Model Y, an electric SUV, just a month after launching the vehicle. So maybe this was a limited edition/ last-chance sales situation?!
Tesla shares slumped more than 7% in premarket trading on Tuesday after a gloomy Monday that saw shares drop 8.6%. The week’s losses mean the automaker has now turned negative for 2021.
Elon Musk addressed the Model Y issue by tweeting that the vehicle was “still available off menu,” explaining he didn’t think the range “yet meets Tesla’s standard of excellence.” But, knowing Elon, could this be a marketing stunt?