Cash, demand concerns overshadow Tesla's SUV launch
Shares of Tesla Inc fell about 4 percent on Friday, as investors wondered if its unveiling of an electric sports utility vehicle would add to pressure on cash flow, while analysts worried the carmaker was not addressing slowing demand for other models.
Tesla, which introduced a cheap $35,000 version of its Model 3 sedan last month and is struggling to convince backers its business model works, on Thursday launched the "Model Y" compact SUV - built on the same platform as Model 3. Image source: Reuters