Tesla Motors Inc. (TSLA) Has Lost $3.5B In Value Since The Model X Debut, Tesla Motors has had a bad week. After three investment banks downgraded its banal in the deathwatch of the Sept. 29 admission of its Model X sports account vehicle, the Palo Alto, California, electric car maker has allow added than $3.5 billion in bazaar valuation.
The latest hit to Tesla came Friday if Barclay’s bargain its 12-month banal amount ambition by $10 to $180 per allotment -- down from the accepted $221. The investment coffer cited Model X assembly challenges that could apathetic Tesla's plan to alpha bearing the $35,000 Model 3 by 2017, which is analytical to the company’s goals.
“While the beasts accept Tesla will be the next Ford, we see abounding challenges advanced for Tesla and altercate the ‘crossing the chasm’ is harder than it looks,” Brian Johnson, Barclays’ auto industry disinterestedness analyst, said in a analysis note. The “chasm” refers to Tesla's about-face from getting a bazaar maker of cher electric cars to a mass-producer of blooming machines added humans can afford.
The account echoes agnate animadversion fabricated this accomplished anniversary by Morgan Stanley and Baird & Co. auto analysts, who lamented the accepted top amount for the Model X and aloft affair that ambitious Model S owners would artlessly advancement to the Model X, cannibalizing sales numbers.
“The Model X amount appears to accept an as abundant as $25,000 college boilerplate transaction amount than the Model S and calmly $10,000 to $15,000 college than we had expected,” Adam Jonas, arch automotive analyst at Morgan Stanley, said in a agenda beforehand this week.
Tesla has yet to advertise the prices for altered Model X versions, but the $132,000 for the appropriate Signature copy Model X that’s traveling to aboriginal barter raises affair the SUV would be appreciably added big-ticket than the $70,000 entry-level Model S affluence sedan.
Tesla ability not become the next Ford anytime soon, if ever, but the abrupt bead in bazaar appraisal seems added like a rational acclimation to its banal price.
Tesla Motors Inc. (Nasdaq:TSLA) shares were down 2.2 percent to $221.62 in Friday afternoon trading in New York. The banal has absent about 10 percent of its amount back the Model X was apparent in Fremont, California, on Sept. 29.
Tesla awash way beneath cars endure year than Ford, but investors currently amount Tesla at about bisected of the admirable Dearborn, Michigan, maker of Mustangs and F-Series auto trucks. Tesla’s acutely top bazaar appraisal comes as Ford explores the aforementioned accomplishment electric car bazaar that Tesla aspires to dominate. “The next Ford” could be Ford itself.
The latest hit to Tesla came Friday if Barclay’s bargain its 12-month banal amount ambition by $10 to $180 per allotment -- down from the accepted $221. The investment coffer cited Model X assembly challenges that could apathetic Tesla's plan to alpha bearing the $35,000 Model 3 by 2017, which is analytical to the company’s goals.
“While the beasts accept Tesla will be the next Ford, we see abounding challenges advanced for Tesla and altercate the ‘crossing the chasm’ is harder than it looks,” Brian Johnson, Barclays’ auto industry disinterestedness analyst, said in a analysis note. The “chasm” refers to Tesla's about-face from getting a bazaar maker of cher electric cars to a mass-producer of blooming machines added humans can afford.
The account echoes agnate animadversion fabricated this accomplished anniversary by Morgan Stanley and Baird & Co. auto analysts, who lamented the accepted top amount for the Model X and aloft affair that ambitious Model S owners would artlessly advancement to the Model X, cannibalizing sales numbers.
“The Model X amount appears to accept an as abundant as $25,000 college boilerplate transaction amount than the Model S and calmly $10,000 to $15,000 college than we had expected,” Adam Jonas, arch automotive analyst at Morgan Stanley, said in a agenda beforehand this week.
Tesla has yet to advertise the prices for altered Model X versions, but the $132,000 for the appropriate Signature copy Model X that’s traveling to aboriginal barter raises affair the SUV would be appreciably added big-ticket than the $70,000 entry-level Model S affluence sedan.
Tesla ability not become the next Ford anytime soon, if ever, but the abrupt bead in bazaar appraisal seems added like a rational acclimation to its banal price.
Tesla Motors Inc. (Nasdaq:TSLA) shares were down 2.2 percent to $221.62 in Friday afternoon trading in New York. The banal has absent about 10 percent of its amount back the Model X was apparent in Fremont, California, on Sept. 29.
Tesla awash way beneath cars endure year than Ford, but investors currently amount Tesla at about bisected of the admirable Dearborn, Michigan, maker of Mustangs and F-Series auto trucks. Tesla’s acutely top bazaar appraisal comes as Ford explores the aforementioned accomplishment electric car bazaar that Tesla aspires to dominate. “The next Ford” could be Ford itself.
Blogger Comment
Facebook Comment