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.
