Tesla has launched the new Model Y Standard Long Range RWD in Europe, offering a WLTP range of 657 km and energy consumption of 12.7 kWh per 100 km. This cost-effective variant caters to buyers seeking a spacious, efficient crossover SUV without premium pricing, aligning with Tesla’s commitment to accessible EV technology.

The Model Y Standard includes Tesla’s AI4 computer for future Full Self-Driving capabilities, providing long-term value at a lower price point. Priced at €39,990 in most EU countries, it competes with the €49,990 Premium Long Range RWD model, offering a balance of range and tech features. This launch addresses rising demand for affordable, high-range electric SUVs in Europe.

Hyundai introduced the IONIQ 9, a three-row electric SUV with a 110.3 kWh battery and up to 620 km WLTP range. XPeng launched the G6 and G9 models with next-gen 800V architecture, LFP batteries, and ultra-fast charging capabilities. Tesla stock has gained 41.5% in the past six months, trading at a forward price-to-sales ratio of 14.16 with a Growth Score of B.

Zacks Investment Research highlights Tesla’s stock performance and valuation, ranking it as a Zacks Rank #4 (Sell). They also identify Hyundai Motor Co. (HYMLF) and XPeng Inc. (XPEV) as stocks for further analysis. The article provides insights into potential stock growth opportunities and expert stock recommendations for investors.

Read more at Nasdaq: Tesla Targets Europe’s Value Buyers With New Long Range Model Y