Tesla, Inc. (NASDAQ:TSLA) is one of the Trending AI Stocks in Focus This Week. On August 19, Reuters reported that Tesla has started accepting orders for its new Model Y L in China. As shown on the website, the starting price of the new model is 339,000 yuan ($47,184).
The Model Y was initially launched in 2020, which moved on to become the world’s best-selling car three years later. The model has since lost momentum, partly due to competition from rivals and partly because of weakened market demand for electric vehicles.
These conditions led Tesla to introduce a new version of the Model Y in Asia Pacific markets in January. The company then registered plans with Chinese authorities for the new Model Y L in July.
A luxury electric vehicle driving in the city, its battery technology powering its progress.
Filing information published on China’s industry ministry website in July has also revealed a longer-range, rear-wheel drive Model 3 also coming to the Chinese market soon.
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks Analysts Are Watching Closely and 10 Trending AI Stocks in Focus This Week.
Disclosure: None.
