Goldman Sachs sees weak demand and margins for Tesla in the first quarter of 2019, reiterating its 'Sell' rating.
, could exacerbate demand problems for the Model 3, according to a note from Goldman Sachs analyst David Tamberrino.
"While the unveil of the Model Y could drive incremental reservations — given a much larger global market for crossovers than sedans — and help cash balances given likely deposit collection, this new product could further weigh on Model 3 demand as consumers decide to wait a little longer to purchase a Tesla crossover vehicle," Tamberrino wrote.
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