Tesla's onslaught of announcements is raising red flags about demand for its cars
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Keep Me Logged InTesla's onslaught of announcements is starting to make analysts wonder if customers are losing interest in its cars.CEO Elon Musk said Sunday that Tesla's upcoming Model Y crossover vehicle will be unveiled on March 14. Its shares fell nearly 8 percent Friday and slid by another 3 percent in midday trading Monday.All of this suggests Tesla is rushing to strengthen demand for its products, which could be waning in the U.S., Europe and China, Spak told investors in a research note Sunday."A Model Y announcement so shortly after the $35k [Model 3] suggests that consumer reaction toward the $35k Model 3 may not have been as strong as the company had hoped," Spak said.
As said here by Robert Ferris