Marc UrbanoCar and Driver
- Tesla’s CEO announces that the standard-range Model Y has been canceled due to disappointing range of less than 250 miles.
- Musk also announced that the all-wheel-drive long-range Model Y is getting a $3000 price cut.
- The Model Y shakeup was followed by news that the Tesla stock price has once again shot up, making it worth $321 billion.
Tesla has long prided itself on its ability to produce cars with impressive range numbers. Turns out, if an upcoming vehicle can’t get more than 250 miles on a charge, it gets the ax.
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Over the weekend Tesla CEO Elon Musk shared the news (via Twitter, as he generally does) that the standard-range Model Y was