Recently famed Apple analyst Gene Munster predicted market share gains ahead for Tesla based on a survey executed by his firm Loup Ventures. It turns out there are other indicators that point to market share gains down the line for Tesla. With so much riding on the success of Model 3, Seeking Alpha’s Victor Dergunov remains convinced that a stock “breakout appears imminent … and new all-time highs [are] very likely” for Tesla.
Originally published on EVANNEX By Charles Morris It’s an open secret that Big Auto’s electrification efforts are mainly for the benefit of government regulators and the media. Even as they announce impressive-sounding investments in technology, and new plug-in models to be launched years down the road, they invest next to nothing … [continued]
At EVANNEX we always try to design and develop great accessories that Tesla owners will love. But we also try to contribute to the Tesla community by developing useful information that can help Tesla owners better understand their vehicle and the emerging EV marketplace. This mini-tutorial is one example.
The story of Tesla is a fascinating one by any measure: a group of Silicon Valley entrepreneurs get together to start a car company, a feat that business-school professors have been using as the definition of economic impossibility for decades, and after only a few years they build a company that rivals the Big Three, and a car that earns every accolade the industry has to offer. Of course, there are several near-death experiences along the way to hold our interest.
Some of the legacy automakers have suggested that they consider car buyers to fall into two categories: regular car buyers and electric car buyers. This idea is one of the main reasons that sales of their EVs have been disappointing.
With Model 3 deliveries becoming a bit more common, media outlets are finally getting their hands on Tesla’s most-anticipated car. Back in July, Motor Trend called it “the most important car of the century” in Model 3’s one-and-only published review. Since then, Tesla hasn’t been releasing test cars to the press. Automotive journalists (like reservation holders) have been anxiously awaiting an opportunity to step on the gas… uh, I mean accelerator.
Tesla [NASDAQ: TSLA] has been confounding Wall Street’s naysayers for years, and 2018 has not departed from that trend. According to Schaeffer’s Investment Research, “Tesla stock was trading near its highest levels since late October earlier — topping out at $349 — after JPM reported on the company’s private investor meeting at the Detroit Auto Show. The brokerage firm said TSLA’s head of investment relations indicated Model 3 production will reach 1,000 cars per week this month — an increase from fourth-quarter numbers, with the recent bottleneck issues resolved.” [Update: Tesla stock is currently at $352.71.]
If everything goes according to plan, in 10 years, Elon Musk will be worth approximately $6.5 billion more. What does that mean to you? Before we get to that, let’s take a look at Musk’s new income plan.
For decades, electric cars have been a dream of the future. Magazines showed show cars and experiments, but fielded few or no production examples. During periods of high oil prices, their prospects rose, but as oil prices declined, they faded. Tinkerers and DIY mechanics made home-built lead-acid gas car conversions. There were tantalizing forays stimulated by California’s CARB ZEV (zero emission vehicle) mandates, like the GM EV1, Toyota RAV4 EV, and Honda EV Plus, but they were in limited numbers and more often offered for lease but not for sale.
I have waaaaaaaay too many important things to do than spend time writing this article, but I can’t help myself. This morning, I decided to read an article we published yesterday evening that got ~47,000 views on it before I got my eyeballs on the full thing. It’s an article about Elon Musk vs Tesla haters (well, it’s just a small subset of Tesla haters, but an interesting lot nonetheless). I figured I better make sure I’m not missing anything new or odd in the piece … especially since the title was a bit enticing and it was getting quite a bit of attention. Surprisingly, the piece got me laughing a few times, and then certain segments inspired me to write this quick reflection piece.
