Goldman Sachs says Tesla’s new Model Y SUV could make its Model 3 demand problems even worse (TSLA)
Goldman Sachs sees weak demand and margins for Tesla in the first quarter of 2019, and reiterated its “sell” rating.
The $35,000 Model 3 unveiling has been seen as a sign of weakening US demand for the sedan.
The unveiling of the Model Y SUV on March 14 could further impact demand for the Model 3 as customers wait for the more popular crossover vehicle.
Citing data from InsideEVs, the note detailed Tesla has already experienced a sequential sales declines of 66% for the Model 3 during the first two months of 2019.
Markets Insider