VIEW Reactions to Tesla's launch of cheaper Model Y and Model 3

Core Insights - Tesla has introduced more affordable versions of its Model Y SUV and Model 3 sedan, priced at $39,990 and $36,990 respectively, in an effort to counteract declining sales and market share due to increasing competition [1] Group 1 - The new pricing strategy aims to make Tesla's vehicles more accessible to a broader customer base [1] - The move comes as Tesla faces rising competition in the electric vehicle market, which has been impacting its sales performance [1] - The introduction of these lower-priced models is a strategic response to the current market dynamics and consumer demand [1]