Tesla is poised to deliver Model Y crossover in first quarter of 2020, says Deutsche Bank

  • 12/03/2019
  • Source: CNBC
  • by: Lora Kolodny
Tesla is poised to deliver Model Y crossover in first quarter of 2020, says Deutsche Bank
esla is poised to start deliveries of its crossover SUV, the Model Y, in the first quarter of 2020, according to research out Tuesday from Deutsche Bank.

If Tesla could begin Model Y deliveries in the first-quarter of 2020, that would be a full season ahead of CEO Elon Musk’s promised schedule. Early production and deliveries would be a symbolic win for the company, which has often failed to meet self-imposed delivery deadlines.

On its third-quarter earnings call, Musk told shareholders:

“We’re also ahead of schedule on Model Y preparations in Fremont, and we’ve moved the launch timeline from full 2020 to summer 2020. There may be some room for improvement there, but we’re confident about summer 2020.” He added, “I’ve actually recently driven the Model Y release candidate and think it’s going to be an amazing product and be very well received. I think it’s quite likely to -- just my opinion, but I think it will outsell Model S, Model X and Model 3 combined.”

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