Tesla Model Y Price Increase Sparks Stock Surge

Monday, 18 March 2024, 19:06

Tesla shares surged by almost 7% after the company revealed plans to hike prices for its Model Y electric vehicles in select European countries and the US. The price adjustment, set to take effect on March 22, will see an increase of around 2,000 euros per vehicle. The news prompted Tesla shares to climb to $174.72, marking the largest daily gain in over a month following a recent two-week decline.
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Tesla Model Y Price Increase Sparks Stock Surge

Tesla Model Y Price Hike Sparks Stock Surge

Shares of Tesla saw a nearly 7% jump following the announcement of price increases for its Model Y electric vehicles across some European countries and the United States.

Key Details:

  • Tesla to raise prices by approximately 2,000 euros in select European markets
  • Price adjustments effective starting March 22
  • Stocks reach $174.72, up nearly 7% on Monday

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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