Tesla Summary
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Tesla is facing significant changes in its leasing strategy, warning customers of massive lease price hikes at the end of the month, which many describe as 'crazy' pricing. In production news, the Model Y Standard has impressed in recent range tests, surpassing its premium variants by achieving real-world performance that exceeds EPA estimates, marking a notable improvement over previous model years, according to Edmunds.
Meanwhile, the company has begun unsupervised robotaxi testing in Austin, signaling a major milestone in its autonomous driving efforts, as multiple Tesla Model Y vehicles were seen navigating public roads without human intervention.
Additionally, Wedbush analyst Dan Ives predicts a bullish future for Tesla, estimating the electric vehicle maker could reach a $3 trillion market cap by the end of 2026 amid a strong push in AI development.