Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock – anytime. Reveal Full Score See Also: What’s Going On With Lucid Group Stock On Tuesday? – Benzinga Why It Matters: The delay in launching the affordable Model Y comes amidst Tesla’s plans to introduce a Performance variant of the refreshed Model Y later this year, as stated by company executive Lars Moravy. The refreshed Model Y, launched in January, is part of Tesla’s strategy to maintain its competitive edge in the electric vehicle market. In March, Tesla offered significant discounts on the older Model Y versions, with reductions reaching up to $7,950, as the company prepared to deliver the refreshed variant. These discounts were seen as a move to clear inventory and make way for the new models. Additionally, Tesla plans to refresh its premium Model S and Model X vehicles later this year, indicating a broader strategy to update its lineup and attract more customers. Check out more of Benzinga’s Future Of Mobility coverage by following this link. Read Next: