Home News Why one analyst thinks Tesla’s Model Y could ‘ultimately cannibalize’ some Model...

Why one analyst thinks Tesla’s Model Y could ‘ultimately cannibalize’ some Model 3 sales (TSLA)

30
0

Tesla Elon Musk Model YAP Photo/Jae C. Hong

Tesla is due to start deliveries of its Model Y vehicle in March 2020. 
“A key question is whether Model Y demand will ultimately cannibalize Model 3 volumes,” analyst Toni Sacconaghi of Bernstein wrote in a note Tuesday. 
He added that some softness in Model 3 earnings will spook investors near-to-medium term. 
Here’s why Sacconaghi believes the Model Y can take earnings out of your Model 3. 
Watch Tesla trade live on Markets Insider. 
Read More about Business Insider. 

Tesla is due to start deliveries of a new vehicle, the Model Y, in March 2020. One Wall Street analyst is worried that the Model Y will probably take away sales from another Tesla vehicle, the Model 3. 

While demand for the new Model Y seems promising,”a key question is whether Model Y demand will ultimately cannibalize Model 3 volumes,” composed Toni Sacconaghi of Bernstein in a Tuesday note. See the rest of the narrative at Business Insider

NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks the’3rd wave’ firms Which Are leading another round of technology disruption

See Also:

What Americans spend on an engagement ring in each country, ranked from lowest to highestAn investor crushing 98 percent of the peers told us why Tesla’s meteoric rise echoes the dot-com bubble era — and cautions it’s super-dangerous to Purchase today Renowned strategist Tom Lee wondered why precisely Tesla has soared 100% in just a month — also explains why it’s still one of the best stock selections of 2020

Article Source and Credit feedproxy.google.com http://feedproxy.google.com/~r/businessinsider/~3/44ujEsr56cg/tesla-stock-price-fall-model-y-hurts-model-3-sales-2020-2-1028894896 Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com