Tesla shares opened down 5% after company unveils 'underwhelming' Model Y

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Tesla unveiled its long-awaited Model Y at the company's design studio in Los Angeles on Thursday night.

Tesla shares opened down 5 percent Friday morning, hours after the company unveiled the Model Y crossover utility vehicle that some Wall Street analysts are calling 'underwhelming.'

CEO Elon Musk dove into one of the hottest segments in the automotive market with the long-awaited debut of the Model Y at its design studio in Los Angeles on Thursday night. The Model Y will cost $39,000 to $60,000 depending on the extras and is about 10 percent bigger than Tesla's Model 3 mid-size sedan. It features seven seats, a panoramic glass roof and 66 cubic feet of cargo space, Musk said, showing off a Model Y prototype at the Tesla Design Center on Thursday night."The problem was the timing of first deliveries," Nelson said.

 

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You’ve been sitting on that headline for months. What did you expect it to fly? Why don’t you actually report real news, like how Tesla and elonmusk are making the world a better place to live.

The only way you could be 'underwhelmed' by the Model Y is if you haven't been paying any attention to Tesla. It's EXACTLY what we've been expecting for years and EXACTLY what elonmusk told you to expect. As promised, it's a higher riding hatchback/CUV version of the Model 3.

Elonmusk where's my masculine auto body? ModelWhy

OMG! Call PPT!!!!

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