Tesla introduced new “standard” versions of Model 3 and Model Y, equipped with hardware for self-driving capabilities. These affordable models coincide with the company’s expansion of its autonomous ride-sharing service. Despite a strong Q3 delivery report, Tesla faces challenges with demand exceeding production and the expiration of the federal EV tax credit. The new models could help offset these challenges and boost future volume. Additionally, investors should consider the risks associated with Tesla’s high valuation and the potential impact on profit margins. On the upside, the introduction of these new models could contribute to the growth of the company’s autonomous fleet and support the long-term investment case for Tesla stock.

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Read more at Nasdaq.: Tesla’s New Robotaxi-Ready Models Strengthen the Bull Case for the Stock