Tesla, Inc. (NASDAQ:TSLA) No more drama, please By HEFFX...

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    Tesla, Inc. (NASDAQ:TSLA) No more drama, please

    By HEFFX Australia on July 18, 2018No Comment




    Tesla, Inc. (NASDAQ:TSLA) No more drama, please
    Despite a massive backlog of Model 3 reservations, Tesla is having trouble finding customers for the premium Model 3 variants that it can actually build profitably.

    Tesla (NASDAQ:TSLA) finally seems to be fixing its early production hiccups for the highly anticipated Model 3 sedan. The electric-car pioneer produced more than 5,000 Model 3s in the final week of the second quarter. While Tesla isn’t yet capable of sustaining that level of output, by the end of the third quarter, it may be able to build as many as 6,000 Model 3s per week.
    However, supply constraints should no longer be the No. 1 worry for Tesla investors. A bigger concern is that Tesla could quickly run through much of the demand for its priciest — and thus most profitable — Model 3 configurations. That’s a problem because it isn’t clear that Tesla can make money building a basic $35,000 Model 3.

    Musk’s Twitter antics don’t help matters

    There are many stories that take a shot at the mantle of ‘most 2018 yarn out’, but an unbelievably strong contender has definitely got to be Elon Musk calling a hero cave diver a ‘pedo’ because he dared to criticise Musk’s hacked together and largely useless rescue submarine.
    After the diver Vern Unsworth told reporters that he was very much considering legal action for the baseless slur, it seems that Tesla shareholders are responding. Tesla share price has fallen more than 3 percent since Musk’s spat with the diver, landing at roughly $US307 in after-hours trading.
    That share drop has shaved almost US$2 billion off the company’s market value. It’s part of a larger 16 percent drop over the last month, which is rough for a company which almost entirely depends on investor confidence to keep it afloat.

    https://www.livetradingnews.com/tes...tradingnews/zDap (Live Trading News by HEFFX)
 
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