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Elon Musk's Later-Landing Model Y Reignites Concerns About Tesla Cash
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Elon Musk's Later-Landing Model Y Reignites Concerns About Tesla Cash
“More expensive customer deposits for Model Y are likely to reinforce bear concerns about Tesla’s cash,” Toni Sacconaghi, an analyst with Sanford C. Bernstein Co., said in a report Friday. Tesla fell as much as 5 percent Friday to $275.40, which would be the lowest close since Oct. 22. At Tesla’s design studio, Musk showed off a blue prototype of the mid-sized Model Y, which is roughly 10 percent bigger than its best-selling Model 3.
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