New for subscribers: Tesla Model 3 sales could be 'cannibalized' by Model Y crossover, Bernstein says Check out CNBCPro and get your first 30 days free.
The new Tesla Model Y is introduced. Tesla has expanded its model range to include an SUV based on the current Model 3.may see a dip in sales soon from "cannibalization," a factor that's plagued other luxury automakers in the past.
Bernstein's Toni Sacconaghi wrote in a note to investors on Tuesday that, at the surface level, demand for Tesla's coming Model Y "appears promising." The crossover electric vehicle offers Tesla the opportunity to tap into the high demand SUV market, which sees sales of over 700,000 vehicles in the U.S. per year according to Bernstein.
But, despite the massive market potential, Sacconaghi says the key question remains whether Model Y will cannibalize sales of Tesla's most popular Model 3. The former vehicle is essentially an SUV variant of the latter sedan, a tactic other automakers often take.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Why FICO's new scoring model may not mean much for consumersAlthough a new scoring model from FICO will be available at the three large credit-reporting firms by the end of the year, consumers shouldn't expect the score that lenders use to change anytime soon.
Baca lebih lajut »
The Agony of the Tesla Bears: $8.4 Billion of Losses in Five WeeksShort sellers feel the pain of their gamble that the electric-car maker’s share price is inflated as the stock soared to heights few had predicted. “Oh damn, I got my butt kicked.”
Baca lebih lajut »
Investors Bet Against Tesla—And Lost $8.4 Billion in Five WeeksShort sellers feel the pain of their gamble that the electric-car maker’s share price is inflated as the stock soared to heights few had predicted. ‘Oh damn, I got my butt kicked.’
Baca lebih lajut »
Tesla surges 9% after reopening its Shanghai factory following coronavirus shutdown (TSLA) | Markets InsiderTesla's Shanghai Gigafactory is expected to reopen Monday following a closure related to the coronavirus outbreak, and will receive government a...
Baca lebih lajut »
Here are the best stocks besides Tesla to play the electric vehicle boom, Morgan Stanley saysNew for subscribers: Here are the best stocks besides Tesla to play the electric vehicle boom, Morgan Stanley says Check out CNBCPro and get your first 30 days free.
Baca lebih lajut »
Tesla reopens Shanghai factory after closure caused by coronavirus - Business InsiderDeliveries of Tesla's Model 3 in China have been delayed early this month following a government-ordered closure of the company's Shanghai factory.
Baca lebih lajut »