Focus: Tesla's big gamble that introducing new models no longer matters

Core Insights - Tesla's Model 3 and Model Y have significantly contributed to the rise of mass-market electric vehicles, establishing Tesla as the most valuable automaker globally and enhancing CEO Elon Musk's prominence in the industry [1] Company Overview - The introduction of the Model 3 in 2017 marked a pivotal moment for Tesla, leading to increased market penetration in the electric vehicle sector [1] - The subsequent launch of the Model Y, a taller variant, further solidified Tesla's position in the market [1] Industry Impact - Tesla's innovations have not only transformed consumer perceptions of electric vehicles but have also set new standards for the automotive industry, influencing competitors to accelerate their electric vehicle offerings [1]