Tesla's decision to remove the Model 3 Standard Range Rear-Wheel Drive from the market indicates a shift in its pricing strategy, marking a significant increase in the base cost of its most affordable model.
In the third quarter, Tesla delivered 462,890 vehicles, a 6.4 percent increase year-over-year, yet failed to meet analysts' expectations, raising concerns about future delivery projections.
The ongoing recalls and the company's attempt to address them via over-the-air updates have led to growing customer skepticism about vehicle reliability and the effectiveness of those solutions.
Although Tesla's sales saw a boost from price cuts, the quarterly delivery figures fell short of target, which could have implications for CEO Elon Musk's annual delivery goals.
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