Compared to past Tesla rollouts, the Model Y’s debut seemed to fall a little flat.
Tesla shares tumbled 5% Friday, to close at $275.43. The stock has dropped 20% over the last two months. Analysts have called the Model Y the most important vehicle in Tesla’s lineup. The demand for SUVs has jumped dramatically in the last five years, especially the market for smaller crossovers. And Tesla stands to make more profit from the Model Y’s higher prices compared to those of the Model 3, because the production cost differential between the two is not expected to be significant, Ramsey said.
Despite the potential for increased competition, Musk said Thursday that sales of the Model Y could outpace those of the company’s higher-priced Model S sedan, Model X SUV and the Model 3 combined.
Tesla, the DeLorean of the 21st century.
Designed by Tesla chief designer, Stevie Wonder.
screw what wall st analysts think. telsa is selling cars. wall st just hates Elon musk cuz he calls them on their bullshit
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday eveni... as in Y would I buy this over major mfr electric cars that are actually painted and put together properly (LA Autoshow Model 3 smh), ready and available w.o the wait. Any recent word about that flex circuit wiring idea? Just priced one out. Minimum is $53,000 starting. Seems to be a little higher than $39,000. Final price was $83,000 with a $3,600 deposit. Kinda pricey for a five seater with limited range.
Source: Reuters - 🏆 2. / 97 Read more »
Tesla to unveil Model Y SUV as electric vehicle competition heats upTesla Inc will unveil its Model Y electric sports utility vehicle on Thursday ev... Gimme! A flying turd A CLIMATE CHANGE PONZI SCHEME
Source: Reuters - 🏆 2. / 97 Read more »
Elon Musk Set to Unveil a New Tesla for the Masses—the Model Y SUVThe billionaire entrepreneur is expected to unveil the all-electric Model Y compact sport-utility vehicle Thursday, as he strives to turn the upstart auto maker into a mass-market car company. Two great companies in our opinions! Tesla & Biotech $CELZ The future is arriving! All customers are fans, trust me ;) elonmusk is bringing S3XY back.
Source: WSJ - 🏆 98. / 63 Read more »
Tesla stock is gaining ground ahead of its Model Y unveilingTesla shares were higher Thursday morning as the electric-car maker gets set to unveil its Model Y SUV.
Source: BusinessInsider - 🏆 729. / 51 Read more »