Tesla's (TSLA) Elon Musk Will Update the 2006 Master Plan, Which He Has Followed to a T
Get Alerts TSLA Hot Sheet
Rating Summary:
22 Buy, 28 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Join SI Premium – FREE
On Sunday, Tesla (NASDAQ: TSLA) CEO Elon Musk gave investors - worried about autopilot crashes and slower-than-expected deliveries - something to get excited about. In a morning tweet, Musk said: "Working on Top Secret Tesla Masterplan, Part 2. Hoping to publish later this week."
For those wondering what Tesla Masterplan Part 1 was, they can read about it in a 2006 Elon Musk blog post here.
In short it was:
- Build sports car
- Use that money to build an affordable car
- Use that money to build an even more affordable car
- While doing above, also provide zero emission electric power generation options
As Tesla analyst Trip Chowdhry of Global Equities Research explains - while seemingly out of left field, there was no randomness to Tesla's move to acquire SolarCity (NASDAQ: SCTY).
Chowdhry said Tesla may add its context to the Industry Creation Equation: TSLA + SCTY = Power Generation + Power Storage + Power Consumption = Your New Utility Provider.
He recommends investors read Elon's 2006 blog.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla (TSLA) continues to slide, breaks under $150
- Nordstrom (JWN) CEO Erik Nordstrom Reports 7.45% Stake, Seeks to Finance Potential Deal with Debt/Equity
- Elon Musk (TSLA) Likely to Announce $2-3B India Investment During His New Delhi Trip - Reuters
Create E-mail Alert Related Categories
Analyst Comments, Corporate News, Insiders' Blog, Management Comments, Rumors, Trader TalkRelated Entities
Tesla, Definitive Agreement, Trip ChowdhrySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!