Tesla Model Y Debuts At $39,990 On Heels Of Cryptic Video

Core Insights - Tesla, Inc. has announced that the price of its new Model Y will be set below $40,000, generating significant interest among investors and consumers [1] - The announcement coincides with the release of a new version of Tesla's supervised self-driving technology, which is expected to enhance the company's position in the electric vehicle market [2] - Investor enthusiasm led to a 5% surge in Tesla's stock price, reflecting optimism for a budget-friendly Model Y and curiosity about updates on the next-generation Roadster [4] Model Y - The new Model Y is priced at $39,990 and represents the first new addition to Tesla's lineup since the Cybertruck's launch in late 2023 [4] - The anticipation surrounding the Model Y is further fueled by the company's advancements in self-driving technology [2] Stock Performance - Tesla's stock experienced a significant rebound, climbing 40% in the third quarter after a 36% slump in the first quarter, partly due to CEO Elon Musk's $1 billion share purchase [6] - The stock is currently up 9% in 2025, indicating a recovery in investor confidence [6] Cybertruck - The Cybertruck faced challenges at its unveiling in 2019 and has not achieved the same mass appeal as the Model 3 or Model Y, along with several voluntary recalls in the U.S. [5] Future Ambitions - Tesla is also exploring the development of humanoid robots, with Musk envisioning future applications in factories and households, although the Optimus robot has yet to be released for sale [6]