Tesla’s (NASDAQ:TSLA) CEO, Elon Musk, Set Himself Up for a Fall
Tesla (NASDAQ:TSLA) Chief Executive Officer Elon Musk says he can make 500,000 cars next year, wild, Yes?
That is a dramatic increase for the EV (electric-car) company, which made a little more than 76,000 in Y 2016. And might make about 90,000 this year.
The Key, he says is his new Model 3, a $35,000 sedan, about half the price of its current cars, scheduled to start deliveries sometime next year.
At his target, Musk would have to sell more vehicles than the BMW 3 Series and the Mercedes C class combined.
Automotive analyst say that is not in the cards, and as we all know that follow him, the brash hype inclined Mr.Musk has a history history of not ever making his declared deadlines, are they actually goals or just ‘Ink”.
The shares are roaring and trading at all time highs, Imagine, up start Tesla is trading at a higher valuation than industry giant Ford (NYSE:F) Nutz!
|NASDAQ:TSLA||301.7||4 April 2017||3.18||296.89||304||294.53||5,679,265|
|HeffX-LTN Analysis for TSLA:||Overall||Short||Intermediate||Long|
|Bullish (0.29)||Neutral (0.23)||Bullish (0.35)||Bullish (0.29)|