Economy

Tesla set to present the new Model Y EV next March

Tesla set to present the new Model Y EV next March”

In a recent note, Wedbush Securities analyst Dan Ives stated that "underlying drivers" for the EV market would likely encourage customers to purchase Tesla's most affordable electric sedan, despite the focus of other carmakers on larger vehicles such as SUVs.

Deliveries in Europe, Musk said, could reach "significant" levels in late February or March, possibly moderating their effect on first-quarter numbers. Just a few months ago, a Model 3 owner uploaded footage which showed Tesla's Autopilot feature preventing what could easily have been a very serious crash, video of which can be seen below. He now expects Tesla to spend $2.2 billion to $2.3 billion in 2019 amid pent-up demand in the market.

The Tesla Model 3 has proven itself as a successful vehicle in the United States and Canada.

To start with, Tesla had announced a third price cut in China in two months, reports Reuters. Over the course of the year, Tesla passed through challenge after challenge as it ramped the production of the electric sedan.

More news: Late surge in trading as shoppers head out on Christmas Eve

Tesla's stock has gone down 5% this year, closing at $295.39 yesterday.

A man cleans a Tesla Model 3 vehicle during a media preview. It's also dramatically cheaper than a Model X, or even likely what the Model Y will end up costing.

Recently Tesla cut costs on its Model S and Model X after China's fund service said it would suspend extra duties on USA - made vehicles and automobile parts for three months from January, bringing down the expense of bringing in US - delivered Tesla autos into China available to be purchased. Backed byFoxconnandAlibaba, and valued at around $3 billion, Xiaopeng, or Xpeng, has gained some notoriety in the run-up to the release of its first vehicle because its concept designs borrowed heavily from Tesla's Model X.

As of writing, Tesla shares are trading up +.53% at $296.95.



Like this

loading...
loading...

Latest


26 December 2018
Happy Holidays From Everyone At Carscoops!
However, Jingle bells are one of the most loved and favourite songs and on this day, the stories of Santa Claus always attract us. The news this year, both locally and nationally, has been dramatic to say the least - and, of course, at times tragic.

26 December 2018
IOS 12.1.2 update reportedly causing widespread cellular data outages
Many users have reported that they are unable to make phone calls and some have been unable to send or receive text messages. Apple's current iPhone, iPad Pro, and Mac computer lineups are the company's best ever, but little problems keep popping up.

26 December 2018
Morocco Arrests 13 Over Murder of 2 Female Scandinavian Tourists
Both the Moroccan government and Danish Prime Minister Lars Lokke Rasmussen said the killings appeared to be acts of terrorism. Referring to the nine other suspects arrested on Friday, he said their arrests "spared Morocco a terrorist plot".

26 December 2018
James Mattis signs order withdrawing USA troops from Syria
USA officials said the fallout angered Trump and fueled his decision to accelerate the Mattis departure. Lindsey Graham (R-S.C.), typically one of Trump's most loyal congressional allies, disagreed.

26 December 2018
Ruth Bader Ginsburg's Women's Rights Cases Centered On Money
Constitution, and talked about the promise of the American dream for immigrants, which include her own family. She already has hired clerks for the term that extends into 2020, indicating she has no plans to retire.

26 December 2018
Kate Middleton spotted at The Range in King's Lynn
Kate and Meghan have been the subject of a series of media reports claiming there is a rift between the two duchesses. Perhaps, Meghan and her so-called "effect" will help change the fortune of the former Spice Girl's company.

26 December 2018
Man United player loyal to Mourinho reportedly pushed for his sack
He could feature vs Huddersfield at some point if United are in total control of the game . I'm there to do a job, I've got to be focused, ' he said in his pre-match press conference.

26 December 2018
Syria state media says Israeli planes attack targets near Damascus
The Israeli Defense Forces said in a statement shortly after that its air defenses had fired at a Syrian anti-aircraft missile. Syrian air defences intercepted "hostile targets" near the capital Damascus, Syrian state media said on Tuesday.

26 December 2018
Jordan Peele's "Us" Trailer Has Officially Arrived & It Looks Creepy AF
Us pits an endearing American family against a terrifying and uncanny opponent: doppelgängers of themselves . A follow-up to Get Out , this has been described as a new kind of monster movie by the filmmaker.

26 December 2018
Baker Mayfield is the Hero Cleveland Needs Right Now
He has completed 64.6 percent of his passes with 3,349 yards, 24 touchdowns and 11 interceptions in his rookie campaign. Mayfield and his teammates have made it very clear how they feel about Jackson, in previous comments.