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Tesla's New Cheaper Cars Might Not Be The Game Changer Investors Hoped For, Warns Gary Black — Here's Why He Thinks They Could Hurt More Than Help

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Tesla's New Cheaper Cars Might Not Be The Game Changer Investors Hoped For, Warns Gary Black — Here's Why He Thinks They Could Hurt More Than Help - Benzinga

Quick Summary:

What Happened: In a post on X, formerly Twitter, Black expressed concern that these upcoming affordable models will simply be decontented versions of the existing Model 3 and Model Y, rather than entirely new vehicles that could expand Tesla's total addressable market (TAM).

Black stated that Tesla CFO Vaibhav Taneja said during the call that these vehicles would be "within the [existing] form factor," which reinforced his view that the models may not attract new buyers but instead cannibalize sales of more expensive versions.

On Wednesday, following Tesla Inc.'s (NASDAQ:TSLA) first-quarter earnings report, longtime investor and Future Fund managing partner Gary Black voiced skepticism over the company's strategy to offer lower-priced EVs.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 06:38:11 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 591 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28185442

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 24 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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