Tesla's new Model YL launch has been met with mixed news, with reports suggesting it may not be available in the US until 2026 due to the advent of self-driving technology. However, investors remain optimistic, and shares gained 2% in Monday trading. Despite a Hold consensus rating from Wall Street analysts, Tesla's share price has rallied 59.47% over the past year, with an average price target of $305.37 per share.
Tesla's new Model Y L has been met with mixed news, with reports suggesting it may not be available in the United States until 2026 due to the advent of self-driving technology. However, investors remain optimistic, and shares gained 2% in Monday trading.
Elon Musk, the CEO of Tesla, commented on the launch of the new Model Y L in China, stating that the best chance for starting production in the United States is at the end of next year. He further noted that this version of the Model Y might never come to North America due to its altered dimensions and the anticipated mainstream adoption of self-driving cars and robotaxis in the region [1].
The Model Y L is designed to cater to the Chinese and Asian market, which values extended family travel and seating for six people. Musk believes that this customer base does not require advanced self-driving features like Tesla Full Self-Driving (FSD), making the Model Y L less suitable for the North American market [1].
Despite the uncertainty surrounding the Model Y L's availability in the US, Tesla's stock has shown resilience. Shares gained 2% in Monday trading, despite a Hold consensus rating from Wall Street analysts. Over the past year, Tesla's share price has rallied 59.47%, with an average price target of $305.37 per share [1].
Tesla has also secured approval for its upcoming 2026 Model Y Long Range manufactured at its Giga Berlin factory to qualify for Quebec’s $4,000 provincial rebate. This approval comes at a critical moment for Tesla and Quebec's EV market, which has seen a significant drop in EV sales over the past year [2].
References:
[1] https://www.teslaoracle.com/2025/08/22/elon-musk-shares-why-tesla-model-y-l-might-never-come-to-the-united-states/
[2] https://driveteslacanada.ca/news/2026-tesla-model-y-from-giga-berlin-approved-for-quebecs-4000-ev-rebate/
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