Tesla Shares Drop after Mediocre Model Y Reveal
Tesla’s Model Y reveal, led to a mostly unimpressed audience and unenthused investors. Does the largely hype-less response show a market well-addressed or indicate declining interest? A definite sign in shareholder interest is the TSLA share price decline following the announcement. Tesla expects to see a rise in demand for the Model Y of at least 50% over the model 3—or at least, Musk expects the spike in demand. But what makes him so sure it will come? One thing which may clue him in: Tesla’s E-SUV, the model X, accounted for nearly 20 percent of Tesla sales last year.