Electric vehicle giant Tesla (TSLA) may have been leaving some money on the table by not bringing the Model Y L to the United States. That also may be a development that Tesla is about to fix, as reports suggest the Model Y L could be available in the United States fairly soon. How do we know? Reports point to a growing number of influencers talking about it, almost as if softening up the market for launch. Investors were still not happy, and Tesla shares dropped fractionally in Tuesday afternoon’s trading.
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Basically, with the Model X now out of the picture in the United States, the Model Y L is now the closest thing Tesla has to a true family car. And the United States does have plenty of market for family cars, even though a lot of that demand goes to the SUV market. Thus, Tesla’s decision to keep the Y L out of American markets seems a bit odd.
That may be changing, though. Multiple American Tesla influencers have been posting videos about the Y L, reports note, and that does suggest that Tesla may be looking to launch this anticipated car by bringing it to viewers’ attention. Influencer marketing is still a thing, after all, even if its reputation has been somewhat tarnished in recent years. It does not hurt that a similar strategy emerged around the Model Y Performance before it arrived in the United States, so lightning may be striking twice as we speak.
AI in Supercharger Wait Times
Waiting for a Supercharger slot to open up can be one of the most frustrating things about Tesla ownership. However, a new artificial intelligence (AI) tool may be prepared to help with that. The new AI support is said to improve wait time forecasting at Tesla Supercharger stations, helping to reduce congestion and make the experience work better for the users.
Reports suggest the model involved was trained on nine million miles’ worth of driving data pulled from around the world. And the new plan seems to be working. Reports also note that queue length estimation errors are down to 20%. When there are over 10 vehicles waiting, the system’s error is now one to two vehicles in size.
Is Tesla a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 13 Buys, 14 Holds, and five Sells assigned in the past three months, as indicated by the graphic below. After a 29.67% rally in its share price over the past year, the average TSLA price target of $405.32 per share implies 7.6% upside potential.
