Musk touts Model Y launch as demand questions linger


More than a month since Chief Executive Elon Musk(pic) tweeted a proposal to take the company private, only to abandon the idea in subsequent weeks, traders in the options market remain nervous.

San Francisco: Elon Musk said Sunday that Tesla would unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning US federal tax credits threaten the company’s growth narrative.

Tesla first unveiled the Model 3 at its Hawthorne, California, design studio in March 2016.

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