Tesla’s October 7 announcement of a base Model Y and Model 3 disappointed some Reddit traders, who called it underwhelming.
The stock climbed 5% on Monday amid anticipation, but sentiment on r/wallstreetbets remained mixed, with some predicting a rough Q4.
Tesla partnership speculation boosted Archer Aviation (ACHR) nearly 20%, drawing retail attention to the eVTOL space.
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The Announcement That Fell Flat
Tesla’s October 7 reveal—a base trim Model Y priced below $40,000 and a standard Model 3—was met with a collective shrug on r/wallstreetbets. One top post, titled “Tesla “Announcement”,” garnered 237 upvotes and 92 comments. The author expressed frustration: “To tease an announcement for it to just be base trim 3 and Y that they have no excuse to have not been selling for years? That didn’t even make up for the tax credit, let alone get under $35k? Ridiculous.” The post concluded with a bearish outlook: “Q4 is gonna be rough!”
On r/stocks, the tone was more measured. A post titled “Tesla prices Model Y standard below $40,000, debuting more affordable vehicle” noted that shares climbed 5% on Monday amid buzz over the announcement. Investors had hoped for updates on the next-generation Roadster or a stripped-down Model Y, but the actual news was more incremental.
Tesla Partnership Speculation Lifts ACHR
A cryptic Tesla teaser video featuring a spinning component and the date “10/7” fueled speculation of a partnership with Archer Aviation (ACHR). On r/stocks, a post argued that Archer has a legitimate commercialization path, citing completed eVTOL flights, FAA approvals, and partnerships with United Airlines and Stellantis. The stock surged nearly 20% on the rumor, though the Tesla link remains unconfirmed.
On r/smallstreetbets, a post highlighted Archer’s achievements and analyst ratings, noting Wall Street consensus rates ACHR a “Moderate Buy.” The post warned of execution risks and the capital-intensive road to commercialization.
Retail Sentiment and Broader Context
Despite the disappointment over the announcement, ![]()
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