Tesla unveiled its long-awaited Model Y at the company's design studio in Los Angeles on Thursday night.
Tesla shares opened down 5 percent Friday morning, hours after the company unveiled the Model Y crossover utility vehicle that some Wall Street analysts are calling 'underwhelming.'
CEO Elon Musk dove into one of the hottest segments in the automotive market with the long-awaited debut of the Model Y at its design studio in Los Angeles on Thursday night. The Model Y will cost $39,000 to $60,000 depending on the extras and is about 10 percent bigger than Tesla's Model 3 mid-size sedan. It features seven seats, a panoramic glass roof and 66 cubic feet of cargo space, Musk said, showing off a Model Y prototype at the Tesla Design Center on Thursday night."The problem was the timing of first deliveries," Nelson said.
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