Tesla's Model Y L Is Coming to America. Will It Reignite Sales Growth?
The Model Y L targets a missing customer.
Overview
Tesla (NASDAQ: TSLA) has brought the Model Y L to the United States, and the timing couldn't be better. The company needs some fresh blood in its vehicle lineup, particularly after ending production of its Model X and Model S this past May.
To be fair, Tesla did deliver a record 480,126 vehicles in Q2 following two consecutive years of declining annual deliveries. Make no mistake: The brand is still quite popular, even in the absence of the federal EV tax credit.
Details
But lower vehicle prices continue weighing on the automotive business, and competition from both Chinese EV manufacturers and legacy automakers isn't getting any easier. So the company is keen to see whether introducing the Model Y L could be helpful.
Source
Originally published at www.fool.com.