Tesla Model 3 to go into production in 2017: CEO Musk
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Go back to Tesla Model 3 to go into production in 2017: CEO Musk
April 1, 2016 1:26 PM EDT
(Updated - April 1, 2016 1:36 PM EDT)
Orders for Tesla's (NASDAQ: TSLA) Model 3 haven't slowed, and order count now stands at 198,000, said the company's CEO Elon Musk via twitter. He added that he will need to rethink production... More
April 1, 2016 9:28 AM EDT
(Updated - April 1, 2016 9:29 AM EDT)
Tesla (Nasdaq: TSLA) shorts were pressured Friday morning follow the company's Model 3 unveiling yesterday evening and news it received over 135,000 reservations in one day. Tesla advanced approximately 7% pre-market to $245 per share -- a year-to-date high.
According... More
April 1, 2016 6:45 AM EDT
Stifel is out with commentary on Tesla (Nasdaq: TSLA) following the Model 3 debut on Thursday night. The firm reiterated its Buy rating and $325 price target on Tesla.
Analyst James Albertine offered the following commentary:
We are simply awestruck by the demand surfacing for the Model 3. While we have disagreed with traditional OEMs (comments circa 2008/09) and various investors (comments circa 2012-16) both of whom have questioned whether "demand exists" for electric vehicles, we had no idea the reservation orders would be this strong for... More
