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Tesla to offer first look at Model Y amid worries about demand, margins

Tesla Inc. heads into the Model Y’s unveiling beset by concerns about demand and margins.

The Silicon Valley car maker is scheduled to reveal the Model Y, a compact SUV, at 8 p.m. Pacific time Thursday at its Los Angeles-area design studio. The event will be live-streamed.

Tesla shares TSLA, +1.98% ended nearly 2% higher Wednesday, but they are down more than 15% in the past 12 months, contrasting with gains around 1.7% for the S&P 500 index SPX, +0.69% over that time.

The shares have lost about 3% since Chief Executive Elon Musk on March 1 tweeted the date of the Model Y unveiling.

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