Comment on Tesla just stopped selling the cheapest version of the Model 3 in the US. An analyst called it 'a smart strategic move.'

Tesla just stopped selling the cheapest version of the Model 3 in the US. An analyst called it 'a smart strategic move.'

Tesla dropped its most affordable version of the Model 3 amid US-China tariff tensions.Paul Chinn/Getty ImagesTesla just quietly removed its most affordable Model 3 from the US lineup on its website.US tariffs on Chinese-made components might have pushed Tesla to discontinue the model.Analyst Dan Ives called the shift strategic, as Tesla's focus in the US remains on the Model Y.Tesla just silently killed its most affordable version of the Model 3 sedan in the US — a good move, one bullish analyst told Business Insider.The Elon Musk-run electric carmaker removed the Standard Range Rear-Wheel Drive Model 3 version from its website as of Wednesday, Reuters first reported.Priced at $38,990, this model had been the company's cheapest entry-level electric vehicle.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News