div > div.group > p:first-child"> Analysts were unimpressed after Tesla CEO Elon Musk announced a cheaper Model 3 on Thursday afternoon.
Shares of the company were down more than 3 percent in pre-market trading to $319.88. Investors also reacted to Musk's comments that it wouldn't be profitable in the first quarter.Morgan Stanley analyst Adam Jonas also seemed skeptical, noting,"While this may stabilize the air-pocket in Q1 sales, we're concerned it's a sign of a brand that may be, at the margin, losing its halo of exclusivity.
" Another few 'blue pill' bull case points undermined... As we have long argued, the bull case for Tesla often revolves around it being the next Apple, with the Model 3 as the iPhone...But today's announcement of a lower priced $35k Model and closing all stores/galleries undercuts a few of those pillars..."
"Tesla significantly increased its efforts to promote the sale of cheaper cars... While this may stabilize the air-pocket in Q1 sales, we're concerned it's a sign of a brand that may be, at the margin, losing its halo of exclusivity. We think the bears have more material to work with than bulls here..."
"Ultimately, we think this announcement may have been anticlimactic for investors, with the timeline for the launch only accelerated a couple months and as we believe investors were looking for details on new products and a potential update on Model 3 demand ...
The iPhone moment wasn’t the iPhone moment until 2 years later, after every other manufacturer started collapsing. Analysts are bad.
Again. Retail investors be warned: Never take investment advice from WS analysts or journalists!
analysts should stick to the facts, not make fake news, Tesla is NOT closing all stores/galleries and the transition to online sale model will be proven to be genius. btw I can hear General motors and BMW management crying & screaming from here 😂
This price point will increase sales a lot elonmusk Tesla model3
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Florida man has died after his Tesla Model S crashed and caught fireOmar Awan died after his Tesla Model S spun out of control, crashed into a tree, and was engulfed in flames. 99SpaceKid 90 MPH and it is Tesla's fault. Jesus, guys, you really need to tone down the hype. Like any other car would do. So please 🙄
Source: BusinessInsider - 🏆 729. / 51 Read more »
First Tesla Model 3s Zoom Into China, Outracing Tariff ThreatChina’s first Model 3 owners have taken express delivery of their new cars after the electric-car maker rushed a boatload of vehicles across the Pacific to beat a looming tariff deadline. 👍 A few months ago they couldn't build them fast enough (for US buyers) now that can't ship them off to China fast enough?
Source: WSJ - 🏆 98. / 63 Read more »
Tesla debuts $35K Model 3; posts quarterly loss - Reuters TVThe Tesla for the masses, promised about three years ago, which fans camped out for, is finally here. The electric car company said on Thursday it will offer a version of its Model 3 sedan at $35,000 dollars. TV 45k UK? TV So it will cost $100,000 in Nepal because of the high taxes and business profits. There should be an international lobby to reduce taxes of all sorts on electric vehicles. TV elonmusk
Source: Reuters - 🏆 2. / 97 Read more »
Tesla debuts $35,000 Model 3, sees loss in first quarterTesla Inc said on Thursday it would not be profitable in the first quarter, as i... 35000 wow hell of money for me think I cant offered the car 😂. If this was one of the Big 3 they would have gone under years ago but for some reason this incompetent company stays a Wall Street darling Long term game!
Source: Reuters - 🏆 2. / 97 Read more »
Elon Musk thinks layoffs will keep Tesla profitable as $35,000 Model 3 arrivesNearly three years after Elon Musk promised a $35,000 Model 3 electric car, Tesla Inc. has finally delivered. Now, the question is about the promise of profitability Musk has been making for the past few months. Finally! But let's wait for the ratings.
Source: MarketWatch - 🏆 3. / 97 Read more »
Tesla moves all sales online, announces $35,000 Model 3'It is excruciatingly difficult to make this car for $35,000 and still be financially sustainable,” Elon Musk said during the launch of its long-awaited standard Model 3. Bonjour That is so nice of him always thinking about the people can they afford it! Difficult for me to make $35k, and the insurance is high on those cars, as well.
Source: NBCNews - 🏆 10. / 86 Read more »
Tesla Finally Has A $35,000 Model 3 – With No AsterisksIt took a long time but the electric-car maker is finally making good on a three-year-old promise to sell a mass-market consumer car. 👍 seren_shk LIT TheChicTiff 👀
Source: Forbes - 🏆 394. / 53 Read more »
Tesla Finally Has A $35,000 Model 3 – With No AsterisksIt took a long time but the electric-car maker is finally making good on a three-year-old promise to sell a mass-market consumer car. I want itttttttttttt RT : Tesla finally has a $35,000 Model 3—with no asterisks And they're losing a fortune on the sale of each one
Source: Forbes - 🏆 394. / 53 Read more »
Tesla finally launches $35,000 Model 3, and moves all sales onlineTesla’s Thursday announcement turned out to be making good on its longstanding promise to offer a Model 3 for $35,000. Sounds to me like a bunch of short sellers cutting their loses short before the bull horns do real damage
Source: MarketWatch - 🏆 3. / 97 Read more »