Khadija Saeed

Tesla’s stock barely moved in after-hours trading Tuesday, shortly after the company unveiled a new all-wheel-drive Model Y variant priced at $41,990 on its U.S. website. Shares ticked up 0.1% to $421.83, having fluctuated between $413.69 and $428.42 during the day. Rivian dipped 0.2%, while Lucid climbed 2.0%. This launch comes on the heels of Tesla’s October introduction of cheaper “Standard” Model Y and Model 3 versions, roughly $5,000 less than previous base prices, following the September expiration of the $7,500 federal EV tax credit under the Trump administration. Analysts caution that a shift toward more affordable models could squeeze margins, or profit per car.