Tesla (TSLA) has officially launched its new Model Y in North America and Europe, following the model’s debut in China earlier this month. This marks a significant move for Tesla as it begins offering both the older and refreshed versions of its top-selling electric SUV simultaneously. This is an unusual approach for the automaker, which typically rolls out a new version of a vehicle and phases out older models.
A Unique Launch Strategy
For the North American and European markets, Tesla (TSLA) has added a new trim to its online configurator for the Launch Series New Model Y. This updated version, which was first unveiled in China just two weeks ago, is set to be available for deliveries starting March 2025. Interestingly, Tesla is still allowing customers to order the previous version, keeping both options open for buyers in these regions.
In contrast, the China launch has been exclusive to the new Model Y. This dual-offer approach allows Tesla to balance the introduction of a more advanced version while maintaining customer demand for the older, familiar model.
Key Updates in the New Model Y
The newly refreshed Model Y comes with several important updates compared to its predecessor. Here’s a detailed comparison of the features:
| Feature | Old Model Y | New Model Y (Launch Series) |
|---|---|---|
| Starting Price | $31,490 (Available Now) | $46,490 (Available Starting March) |
| Range (EPA Est.) | 277-337 miles | 303-320 miles |
| Seating | Heated first and second-row seats, manual fold | Ventilated first-row, power second-row folding |
| Ride Comfort | First-generation suspension, noise reduction | Second-generation suspension, enhanced noise reduction |
| Cameras | 7 exterior cameras | 8 exterior cameras, including a new front-facing camera |
| Audio System | 7 speakers, 13 speakers, or 13 speakers and a subwoofer, depending on trim | 15 speakers, 1 subwoofer for Launch Series |
| Trunk | Power open | Hands-free power open on approach |
| Climate Control | Manual second-row air vents | Power-actuated first and second-row air vents |
| Connectivity | First-generation hardware | Second-generation hardware |
Pricing and Special Features
The Launch Series of the Model Y will start at $59,999 USD, which is $12,000 more than the previous Long Range AWD version. Buyers who opt for this special edition will receive additional premium features, including exclusive badging, Premium Textile Trim, and Vegan Suede for the Black Interior. The vehicle will be available in colors such as Stealth Grey, Pearl White Multi-Coat, Ultra Red, and Quicksilver, although the Glacier Blue color option currently available in China will not be offered in these regions.
When Can You Get the New Model Y?
Tesla has confirmed that deliveries for the Launch Series Model Y will begin in March 2025 in North America, but until then, customers can still order the previous version for immediate delivery. This dual-approach strategy helps Tesla maintain sales momentum while transitioning to the new, more advanced model.
CWEB’s Bullish Stance on Tesla Stock
The new Model Y launch comes at a time when CWEB is already bullish on Tesla’s stock. In fact, CWEB analysts have shown optimism for Tesla (TSLA), especially after analysts from CWEB, Morgan Stanley, and Wedbush raised their price targets for the company. As highlighted in a recent CWEB report, Tesla’s stock has seen a surge in positive sentiment, thanks to the company’s strong innovation pipeline, robust sales, and leadership in the electric vehicle market. With CWEB backing Tesla as a solid investment, investors are paying close attention to how these new launches could further strengthen the company’s market position.
This surge in optimism comes at a time when Tesla (TSLA) is expanding its product offerings, further positioning itself as a leader in the electric vehicle space. The launch of the refreshed Model Y in North America and Europe is likely to contribute to the company’s overall growth, especially given the increasing demand for electric vehicles globally.
As CWEB continues to highlight Tesla’s potential, investors are encouraged to stay informed and consider market dynamics before making decisions. With CWEB’s positive outlook on Tesla, now might be a great time to evaluate the stock for your portfolio.
Tesla’s latest update to the Model Y is a key move in its strategy to maintain its lead in the electric vehicle market. The dual launch strategy of offering both the old and new versions of the Model Y demonstrates Tesla’s agility in meeting consumer demands while keeping innovation at the forefront. As CWEB remains bullish on Tesla’s stock, the market is watching closely for the company’s next moves in what is sure to be a competitive and evolving industry. Should you buy or sell Tesla stock? With CWEB’s backing and recent analyst upgrades, the outlook remains positive, but as always, it’s important to conduct your own research and consult with financial experts.
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Tesla (TSLA) Optimism Soars as Analysts from CWEB, Morgan Stanley, and Wedbush Boost Price Targets
