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Tesla launches cheaper Model Y and 3 amid margin pressures

Nicole Parks

Tesla has introduced more affordable versions of its Model Y and Model 3, priced $5,000 to $5,500 lower than predecessors, as the company prepares to report quarterly earnings. Analysts question whether cost cuts will suffice to maintain profit margins amid competition and policy changes. The move aims to boost volume sales despite potential cannibalization of higher-priced models.

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