Tesla is set to unveil its Model Y on Thursday in an event in LA.
Given new market penetrations and a ramp up in its Model 3 production, this new unveil has investors slightly weary of what this means for the company's long-term prospects.
As I dissect both the industry's demand for crossovers and SUVs and the company's recent 10-K filing, I remain optimistic about the company's production future but wary of competitive headwinds.
All in all, the company will have to prove it can ramp up production of multiple vehicles simultaneously, keep cost and margins on the right track and approach capital raising with respect to shareholders for me to regain my bullish stance on the company's price action.
For now, I believe the company is fairly valued at a range of $250.00 to $300.00 per share.
I've been bullish on Tesla (TSLA) from the early days of my short but sweet investing career with the company. There were few other companies that were working at meaningful changes to the