shares were up more than 2% on Wednesday and Thursday as the electric-car maker gets set to unveil its Model Y on Thursday evening.
The sport-utility-vehicle crossover, which consumers prefer over sedans, is expected to drive significant sales.Tesla shares were up 1% Thursday as investors anticipated the rollout of the Model Y, a sports-utility-vehicle crossover which will share 75% of its parts with the Model 3.The unveiling event is set for 8 p.m. PT at the electric-car maker's design center in Hawthorne, California.
"Over the next three years we believe Model Y units could approach 15%-20% of overall units with Model 3 continuing to be the hearts and lungs of the Tesla growth story over the coming years globally,"continued Ives. Tesla stock has been on a wild ride in 2019, reaching a high of more than $350 a share after CEO Elon Musk said he expected the company to beShares fell 17% just one week later to $287 on the back of significant demand concerns.
Telsa recently announced a restructuring to reduce costs ahead of the rollout of its $35,000 Model 3, including
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