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Barchart
Anushka Dutta

As Tesla Launches an Updated Model Y, Should You Buy, Sell, or Hold TSLA Stock?

Tesla Inc. UBS

Electric vehicle (EV) industry powerhouse Tesla (TSLA) recently rolled out affordable versions of its Model Y SUV and Model 3 sedan. The vehicles have starting prices of $39,990 and $36,990, respectively. However, there are concerns that the models are not really all that cheap.

Facing rising competition in Europe and China and the loss of the federal EV tax credit, the new models represent a way for the company to stop sales from falling. Is this news an opportunity to buy TSLA stock?

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