Part 7/12:
In Australia, Model 3 prices dropped by approximately 3,400 AUD (~5%), making EVs more accessible.
The Model Y became available in Japan and Australia in long-range variants, indicating strategic expansion.
This price correction may stimulate demand, especially in markets where Tesla faces stiff competition or logistical challenges.
Tesla's Brand and Market Position
Despite facing industry headwinds, Tesla maintains its position as the world's most valuable automotive brand, valued at around $66.2 billion, a slight decrease of 44% from previous valuations, according to Brand Finance. Remarkably, Tesla achieved this valuation without paid advertising, emphasizing its strong brand loyalty and recognition.