Model Y Looks Great, and Tesla Is Following the Model 3 Playbook in Rolling It Out
Tesla unveiled the Model Y crossover the night of March 14, an important vehicle for two reasons. First, Tesla needs volume to generate cash to keep funding its growth and autonomous vehicle projects that drive its market value so high relative to its deliveries. Second, Tesla does not have a relatively affordable light truck because the Model X is a premium vehicle starting at $88,000. Light trucks are nearly 70% of new-vehicle sales for the U.S. industry each month, and crossovers are the most...Tesla designs, develops, manufactures, sells and leases electric vehicles and energy generation and storage systems, and provides services related to its products. The company operates as two reportable segments: automotive, which includes the design, development, manufacturing, sales, and leasing of electric vehicles as well as sales of automotive regulatory credits; and energy generation and storage, which includes the design, manufacture, installation, sales, and leasing of solar energy generation and energy storage products, services related to such products, and sales of solar energy system incentives.
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