- Shares of Tesla Inc fell about 4 percent on Friday, as investors wondered if its unveiling of an electric sports utility vehicle would add to pressure on cash flow, while analysts worried the carmaker was not addressing slowing demand for other models.
Tesla, which introduced a cheap $35,000 version of its Model 3 sedan last month and is struggling to convince backers its business model works, on Thursday launched the “Model Y” compact SUV - built on the same platform as the Model 3. Some Wall Street analysts had raised concerns that demand for the higher-priced Model 3 was slowing down in the U.S., especially after a reduction in the federal tax credit this year.
Two Tesla analysts, both known as Tesla bulls - Gene Munster from Loup Ventures and Ivan Fienseth from Tigress Financial Partners - said the company would likely need to raise money later this year.“We believe the event was more of a capital raising effort and branding exercise,” Osborne said. “We do not see the new Model Y igniting elevated demand or enthusiasm for the Tesla brand.”
Why are the hypocrites silent on Muslims with terrorism?
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla just unveiled the Model Y, its new crossover SUV, starting at $39,000After much anticipation, Tesla unveiled its latest electric vehicle yesterday. The Model Y is a crossover SUV that will cost from $39,000 to $60,000. Here's what it offers. That’s one ugly looking car 7? Two adults and 5 toddlers. Can we get a real electric SUV? I’m in “can’t get to work without 4-wheel drive” country and can’t see either this, or the Model X getting me from point A to point B safely.
Source: CNBC - 🏆 12. / 72 Read more »
Tesla just unveiled the Model Y, its new crossover SUVThe Model Y could help Tesla tap into the growing crossover market. Model S, 3, X, Y. Ohh Elon, you’re awesome 😂
Source: CNBC - 🏆 12. / 72 Read more »
Tesla CEO Elon Musk reveals Model Y electric SUV: 'It will ride like a sports car'Tesla unveiled the Model Y SUV late Thursday — a long-awaited electric vehicle that CEO Elon Musk has predicted will be the company's best seller.
Source: USATODAY - 🏆 100. / 63 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 is about to reveal the Model Y — here's how much it could costTesla will unveil its upcoming Model Y crossover SUV on Thursday. CAN WE ARRANGE THE MEETING BET. ElonMusk, SEC. & TWITTER ADVISERS & PRES.TRUMP & RESOLVE THIS ONCE & FOR ALL? SO MR.ELONMUSK CAN GET ON WITH HIS INNOVATION & TESLA.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The Tesla Model Y has staggering specs — but it isn't a major new design for TeslaThe design, while distinctive in crossover SUV land, isn't a huge departure from what has become a familiar Tesla look. So you guys think ECONOMICS isn’t a “Major”?!? Now I am interested in what do you guys think is the “Major”?!? Tesla Model Y is Designed to drive like a sports car
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tesla shares opened down 5% after company unveils 'underwhelming' Model YTesla unveiled its long-awaited Model Y at the company's design studio in Los Angeles on Thursday night. OMG! Call PPT!!!! Elonmusk where's my masculine auto body? ModelWhy The only way you could be 'underwhelmed' by the Model Y is if you haven't been paying any attention to Tesla. It's EXACTLY what we've been expecting for years and EXACTLY what elonmusk told you to expect. As promised, it's a higher riding hatchback/CUV version of the Model 3.
Source: CNBC - 🏆 12. / 72 Read more »