Tesla is slashing financing rates on the long-range Model Y in a bid to revive demand, just weeks after launching the updated crossover, according to Yahoo. CEO Elon Musk is under pressure as the company shifts from battling production backlogs to struggling with dwindling orders. Tesla's former strategy of hiking prices to manage demand has given way to price cuts and incentives to offload inventory. Analysts point to Musk’s political stances and strategic pivot to AI and robotics as contributing factors to the brand’s declining popularity. Investors now view Tesla as a high-stakes bet on whether its AI-driven “FSD Supervised” technology can deliver fully autonomous driving and salvage its long-term growth prospects.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla's slashing financing rates on the long-range Model Y have been to revive demand
00:06just weeks after launching the updated crossover, according to Yahoo.
00:10CEO Elon Musk is under pressure as the company shifts from battling production backlogs
00:13to struggling with dwindling orders.
00:16Tesla's former strategy of hiking prices to manage demand
00:18has given way to price cuts and incentives to offload inventory.
00:22Analysts point to Musk's political stances and strategic pivot to AI and robotics
00:26as contributing factors to the brand's declining popularity.
00:30Investors now view Tesla as a high-stakes bet on whether its AI-driven, SSD-supervised technology
00:35can deliver fully autonomous driving and salvage its long-term growth prospects.
00:40For all things money, visit Benzinga.com slash GSTV.