Tesla announced the Model Y on Thursday evening and investors are clearly not impressed since the stock closed down over $14 or 5% to $275 on Friday. It was interesting to notice in the 36-minute video of the Model Y announcement that Musk didn’t get around to bringing out the car until the 29th minute. When will Model Y volume production start to ramp? That said, Model Y could enjoy a smoother ramp due to its shared platform.”Spring of 2021 starts on March 20 and goes until June 21. While this previously didn’t cannibalize sales since it wasn’t selling current models around the same price point, the Model Y could create a lull between Model 3 early adaptors and Tesla fans demand being satisfied and the Model Y entering full production in 2021.
Source: Forbes March 15, 2019 23:37 UTC