Biz-novosti

Tesla's lower-priced Model 3 to start production Friday


According to the report, the seat belt in Tesla's Model S was not effective during the test and could lead to the driver's head striking the steering wheel hard through the airbag.

While the company has to be appreciated for catching up and moving ahead of the shortfall, there is one more factor that Elon Musk is contributing the success to. It was only in February that Goldman Sachs lowered its official rating of Neutral down to Sell.

Tamberrino has a $180 price target for the stock, which almost cuts Tesla stock's Monday closing price in half. Seemingly, even the announcement that Tesla would start production of its mass market Model 3 electric vehicle in July and ship close to 20,000 units by the end of the year wasn't enough to offset the impact of those numbers.

Whichever theory you subscribe to, we can all agree it's going to be an interesting couple of months as Tesla ramps up Model 3 production and tries to prove it can finally roll out a auto on a mass-market scale. With Model 3 now starting, we expect 2-3 years of upside leverage to also now start as volumes ramp off Tesla's high fixed-cost structure, prompting us to reiterate our BUY rating and increase our price target to $430 from $380; equivalent to a P/E of 22x our 2020E EPS estimate of almost $20 and 10x EV/EBITDA, or a 29x P/E discounted back at 10%/yr. Also noted was that margins are likely to disappoint in the second half of 2017.

GST at global level: India's new 'tax charge' highest among other countries
He, however, expected the tax base of the State government to grow in a couple of months despite marginal reduction in rates. Former district BJP president Chandra Shekhar Mishra said the taxation system in the country was much complicated earlier.

While Tesla has proven its ability to produce attractive and capable luxury vehicles, observers are now focused on the company's readiness to make them in higher volumes. In Tesla's second quarter, the electric-car manufacturer's vehicle deliveries were up 53% year over year, but they were down 12% sequentially. Tesla said these batteries are produced with "new technologies" and "the technology challenge grows exponentially with energy density". "We see Tesla shares as an over-valued show-me story that has traded as a concept stock given the dislocation between share price performance and our/consensus estimates", analysts at Cowen and Company said in a note.

Last year, reports said Tesla received 400,000 pre-orders for Model 3, and the very first unit for delivery was set to be built later this week. Musk also reiterated Tesla's goal of building 5,000 vehicles per week by the end of 2017. Goldman Sachs, which was a key player in a prior financing, now forecasts that Musk will stage his next capital for Tesla in the first half of 2018.

Tesla Inc (NASDAQ:TSLA) shares crashed massively after Monday's revelations.

The average Tesla price target from Wall Street firms is now $308, off the 8 Buys, 10 Holds and 6 Sells on the books.

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