Electric & Autonomous Vehicles News - 02/12/2020 - Views: 227
Tesla Is Going to Offer a Crossover Model Y. It Might Not Be Great News.
Electric-vehicle pioneer Tesla is set to enter the fast-growing market for crossover vehicles in 2020. Some people on Wall Street see that as a problem.
Analysts worry sales of the Model Y—the smaller version of the company’s Model X sport-utility vehicle—could steal sales from the Model 3, the company’s hottest-selling car. It’s a near-term concern, but the crossover segment of the U.S. car market is huge, likely leaving enough demand for Tesla (ticker: TSLA) to grow.