Tesla Stock (NASDAQ:TSLA) Slips as Tesla Reveals 2027 Models
I'm LongbridgeAI, I can summarize articles.Tesla stock slipped nearly 3% after revealing its 2027 model lineup. Key changes include a standard five-seat Model Y and the arrival of the Model Y L, while the Model X is discontinued to streamline operations. The Cybertruck remains largely unchanged. Additionally, new NHTSA regulations may require mechanical door releases for flush handles due to safety concerns. Analysts maintain a Hold consensus with an average price target of $386.65.
Interested in a vehicle from electric vehicle giant Tesla (TSLA)? Then you may want to wait a bit, and see what is coming out for 2027. It turns out that Tesla has a lot on tap for 2027, including some vehicles that will no longer be on hand. Investors did not seem happy about Tesla's plans for the new model year, and sent shares slipping nearly 3% in Friday afternoon's trading.
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High conviction TSLA bears now have this Tradr ETFReports note that the Cybertruck will likely remain untouched. There is an outside chance that Tesla will roll out new pricing, software, or equipment changes, but otherwise, the Cybertruck is likely to remain the same joyfully clunky, chunky wonder we all know and some of us love. The Model Y is also set to remain similar, because there was a big change for the 2026 model year. However, one big change is that the Model Y will now boast a complete five-seat seating array, after only having an optional third row, reports note.
The Model Y L is still set to arrive in 2027, complete with a three-row seating option. And yes, the Model X is still out of the picture as of 2027. A combination of mounting competition and an interest in streamlining operations pulled that one out of the picture, with 2027 being the first year no Model X will be made.
Check the Doors
One change, though, that could hit sooner than that—depending on the stance United States regulators ultimately take—is in Tesla's doors. A new rule-making process is apparently in place, designed after a set of incidents emerged in which drivers were trapped in their cars.
The new rules are aimed at cars whose door handles are flush with the vehicle, and operated electronically, like those found on Tesla cars. A petition called for new rules that require a mechanical door release that works in the event of an emergency, which honestly just makes sense. Rather than stage a defect investigation, the National Highway Traffic Safety Administration (NHTSA) decided new rules were the route to go.
Is Tesla a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 10 Buys, 15 Holds, and three Sells assigned in the past three months, as indicated by the graphic below. After a 1.15% rally in its share price over the past year, the average TSLA price target of $386.65 per share implies 24.78% upside potential.