Tesla starts sales of revamped Model Y in U.S. for about $60,000

Model Y Revamp and Market Strategy - Tesla will start deliveries of the revamped Model Y SUV in the US in March, priced at $59,990 excluding a $7,500 federal tax credit [1] - The new Model Y features a redesigned fascia, front and rear light bars, ventilated seats, reclining second-row seats, and faster Wi-Fi [1] - Tesla began taking orders for the new Model Y variant in Canada, Europe, and China, aiming to revitalize its core automotive business amid global competition [2] Recent Performance and Product Launches - Tesla's Cybertruck became the best-selling electric truck in the US in 2023 but did not offset the overall decline in deliveries, which fell for the first time in 2024 [3] - The company is set to discuss its fourth-quarter and year-end results, highlighting challenges in maintaining delivery growth [2] Regulatory and Political Impact - President Trump's executive order may repeal the federal electric vehicle tax credit, which has benefited Tesla but could harm competitors more significantly [5] - Tesla's reputation has declined due to Musk's political rhetoric and the aging product lineup, as noted by Brand Finance research [6]