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”.
|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)|
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