Tesla Model Y Deliveries Have Begun

Tesla (NASDAQ: TSLA) Model Y deliveries are officially under way, just one year after the vehicle was first unveiled and six months ahead of the electric-car maker's initial timeline. The vehicle gives Tesla an SUV that is significantly more affordable than its flagship Model X. Priced not too far above its popular Model 3, the new SUV will almost certainly be a hit with consumers.

Not only does the Model Y position Tesla well for continued sales growth in 2020 and beyond, but it also highlights the electric-car maker's accelerated pace of execution. Recently, the automaker has been hitting targets, delivering on product plans, and expanding production capacity rapidly. The Model Y reinforces that today's Tesla is not the same Tesla investors knew less than two years ago, when Model 3 "production hell" plagued the company and targets were repeatedly missed.

Model Y. Image source: Tesla.

Source Fool.com