Tesla Model 3 to go into production in 2017: CEO Musk
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Tesla (TSLA) to Rethink Production Planning as Model 3 Orders Climb to 198K
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
Tesla (TSLA) Shorts Pressured Following Model 3 Unveiling
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
Stifel 'Awestruck' at Level of Demand for Tesla's (TSLA) Model 3; Reaffirms at 'Buy'
April 1, 2016 6:45 AM EDTStifel 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
