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Tesla Model 3 Launch Date Closer than Expected


The Model 3 will be the main focus for Tesla’s fourth quarter earnings. Regarding the Model 3, Marketwatch reports:

“Wall Street will be eager to hear details on the Model 3, the all-electric mass-market car that Chief Executive Elon Musk hopes to start producing in July and selling later this year.”

Ben Kallo, an analyst that picked Tesla as a top stock, says that all eyes are on Tesla’s Model 3. In 2018, Tesla plans to produce 500,000 cars in 2018, and this increase in car production seems to be related to the success of the Model 3. Next stop for Tesla is the Model 3 sedan that is already being prepared to be tested. Thus, the Wall Street hopes to hear more about the production schedule.

Kallo commented that Tesla will definitely produce the Model 3, and now, it is rather the matter of time that interests the stocks and market. Bill Selesky, an analyst at the Argus Research, will look into the cost estimates for production. Yet, for now, he said that everything goes according to plan for Tesla.

The stock market can find what it’s looking for in the public advertisements and promotions for the Model 3. There have been informational videos about the Model 3 in Europe and Canada; however, there is still no advertisement for the Model 3 in the U.S.

Elon Musk said:

“When somebody comes into our store to buy a Model 3, we say well why don’t you buy a Model S or an X instead? So we anti-sell the 3.”

This statement can indicate that Tesla might be using store locations to its advantage to market the Model 3. Yet, it doesn’t mean that the customers are or will be uninterested. The customers still think that Tesla has great capacity in improving at being an innovative car company that aims to save the world.

[via cleantechnica]

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