JP Morgan has increased its target price for TSLA from $115 to $130, maintaining its Underweight rating, while Tesla’s current market price (CMP) is $249.
According to Electrek, $TSLA has quietly discontinued its most affordable electric car, the Model 3 Standard Range Rear-Wheel-Drive, which was priced at $39,000.
The least expensive Tesla now is the Model 3 Long Range RWD, which costs $42,500 and offers 90 more miles of range. This change might be linked to higher tariffs on Chinese-made LFP battery cells used in the discontinued model, making it less competitive in the U.S. due to current tax credits.
Developing story, stay tuned for the update.
Bringing you the latest updates on finance, economies, stocks, bonds, and more. Stay informed with timely insights.
