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Tuesday 5 March 2019

The Tesla Model Y to arrive March 14th, 2019

Elon Musk said Sunday that Tesla will unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning U.S. federal tax credits threaten the company’s growth narrative.

Tesla first unveiled the Model 3 at its Hawthorne, California, design studio in March 2016. Tesla product launches, which feature throngs of customers willing to put down deposits on the spot, are typically highly orchestrated affairs that generate enormous interest and media attention. American consumers are increasingly shifting from sedans to SUVs, and the Model Y is the next offering in the company’s product pipeline.

But the new model’s debut is prompting concerns about a potential cannibalization of sales at a time when investors are already worried about demand for the company’s cars.

Read more on financialpost.com

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