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Tesla launched cheaper Model Y and Model 3 versions with smaller batteries to lower costs, but stock dropped 4.5% amid margin concerns.
Tesla introduced lower-priced versions of its Model Y and Model 3 vehicles, aiming to boost affordability and market reach.
The new models feature simplified designs and reduced battery capacity to cut costs.
Despite the strategic move, Tesla's stock fell 4.5% following the announcement, reflecting investor concerns about margins and competitive pressures in the evolving electric vehicle market.
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Tesla lanzó versiones más baratas del Modelo Y y el Modelo 3 con baterías más pequeñas para reducir los costos, pero las acciones cayeron un 4,5% en medio de preocupaciones sobre los márgenes.