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

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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. 
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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

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