Tesla cited higher expected selling prices as one of the reasons why the Model Y could be more profitable than the best-selling Model 3.
Tesla expects its upcoming Model Y SUV to be more profitable than its Model 3 sedan, the electric-car maker said on Wednesday in its second-quarter earnings letter. The company cited shared components and manufacturing designs, a large market for SUVs, and higher expected selling prices as reasons why the Model Y could produce larger profits than the Model 3. Production for the Model Y is expected to begin in fall 2020. Visit Business Insider's homepage for more stories.
Tesla expects its upcoming Model Y SUV to be more profitable than its Model 3 sedan, the electric-car maker said on Wednesday in its second-quarter earnings letter. The company cited shared components and manufacturing designs, a large market for SUVs, and higher expected selling prices as reasons why the Model Y could produce larger profits than the Model 3. Production for the Model Y is expected to begin in fall 2020. Visit Business Insider's homepage for more stories.
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