Tesla Hikes Model Y Prices to Boost Sales Amid Rising Inventory, But Faces Production and Demand Headwinds

• Tesla raised Model Y prices by $1,000 in the US and ~$2,177 in some European countries • The price hikes aim to boost sales amid high Model Y inventory levels • Tesla shares jumped nearly 7% on Monday following the price hike announcements • Analysts cut Tesla's stock price targets due to production ramp challenges, factory downtime, and slowing demand • Competition in China and reduced EV subsidies in Europe also pose headwinds for Tesla's sales