No, was referring to pent-up demand. If the Model Y was announced and pre-orders available before the beginning of this year, there could have been significant cannibalization.Nubo wrote:EV adoption is in its earliest stages. To say that demand is exhausted ignores the 99% of car buyers who remain to be converted.iPlug wrote:Most of the demand for the highest trim Model 3s are already behind us as well as the $7.5k tax credit. I am betting the market and consumers have already accounted for this. Taking reservations for the Model Y as soon as later this month would be a wise, well timed business move.
Musk later tweeted today: "Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more & have slightly less range for same battery"
Would take that to mean 10% more expensive against all of the Model 3 trim levels. In the mean time, profit margins per vehicle should grow as the Y is based on the 3 platform and further automation and manufacturing improvements are incorporated.
Unleash that on the huge consumer appetite for crossover/SUV vehicles and sprinkle it with Tesla lust and you have a big winner on your hands.
Higher level trim versions of the Model 3 will continue to sell with growth in the general EV segment, but at significantly lower rates than in 2018 for some time.