Tesla Gains Ahead Of The Company's Model Y Unveiling

Credit: Wochit
Published on March 14, 2019 - Duration: 00:44s

Tesla Gains Ahead Of The Company's Model Y Unveiling

Telsa shares climbed more than 2% on Wednesday and Thursday as the electric-car maker prepares to unveil the Model Y on Thursday evening.

Investors are hopeful that the Model Y could be the jolt Tesla needs to emerge from its recent woes.

Wedbush analyst Dan Ives said; "We believe rolling out the red carpet for the next generation EV SUV cross over model could be a potential game-changer for Musk & Co.

When this product goes into full production in 2020".

Business Insider reports that the Model Y is an all-electric sports-utility-vehicle crossover which will share 75% of its parts with the Model 3.

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