Tesla to offer first look at Model Y amid worries about demand, margins

in #tesla5 years ago

Tesla is one of the most watched stocks on the United States markets. It is also one of the most divisive.

Bulls and bears both tend to have strong opinions about the future of the company and dig in when their positions are challenged. This played out the last few years in the stock price with TSLA trading in a range.

On Thursday, Tesla will unveil the Model Y, a SUV that is to begin production in 2020. Many are questioning the prospects of such a vehicle that will be released at a time when the other automobile manufacturers will be releasing their EVs.

The SUV market is already a crowded field which also puts further question about the decision to bring this out.

Supporters of the move cite the fact that the SUV market is a lot bigger than the sedan and the Model Y could outsell the Model 3.

No matter what happens at the unveiling, the battle between bulls and bears is going to rage on for a while with this company.

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Super pumped about this thing...super pumped.

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