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Tesla Model 3 earns rave review from one of Germany’s biggest magazines

Simon Alvarez

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Posted on March 26, 2019


Tesla’s much-celebrated Model 3 has earned another rave review, this time from one of Germany’s most accomplished magazines, Der Spiegel. Their conclusion? Tesla Model 3 is poised to strike fear into the hearts of more established automakers in the region.

A midnight gray Model 3 Performance served as the car of choice for Der Spiegel’s latest review of the all-electric sports sedan. Tesla’s trademark acceleration didn’t miss a beat, with the publication validating Model 3’s ability to perform a 0-100 km/h sprint in 3.5 seconds and register a top speed of 250 km/h (155 mph). The results place Model 3 ahead some of the industry’s top high-performance sedans like the BMW M3. 

Der Spiegel further lauded Tesla for maximizing the space in the Model 3’s cabin, which gave the vehicle more space than other cars in its class. Features that came through over-the-air updates such as Dog Mode, which protects pets that are left inside the vehicle, were lauded by the publication. Some of the Model 3’s more fun capabilities, including Easter Eggs like the now-infamous Emissions Testing Mode (also known as the Fart App) were positively received by Der Spiegel‘s reviewers as well.

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Der Spiegel‘s ultimately argued that the Model 3 is not a perfect car by any means, as its interior workmanship is not yet on the level of more experienced manufacturers like Mercedes-Benz, and the vehicle has a tendency to rely too much on its 15″ center touchscreen for basic actions like opening the glovebox. Despite these complaints, the reviewers concluded that the Model 3 is something that should strike fear in traditional auto. “Mercedes, BMW, and Audi are trembling in front of this car,” the magazine noted.

Der Spiegel is one of Germany’s most storied magazines. Founded by John British army officer Seymour Chaloner and former Wehrmacht radio operator Rudolf Augstein in 1947 (Chaloner would later be recognized as one of the fifty World Press Freedom Heroes by the International Press Institute in 2000), the publication would go on to establish a reputation for investigative reporting. The magazine currently has a circulation of 840,000 copies per week, making it one of the largest publications in Europe today.

Tesla is currently pushing the Model 3 to Europe, with the electric car maker starting its saturation of the region with the vehicle’s higher-tier variants such as the Long Range AWD and Model 3 Performance. A deeper push into Europe seems to be in order too, as a recent sighting in California indicated that Tesla is now testing a right-hand-drive (RHD) version of the electric sedan, a configuration that will be pushed to territories like the UK, Australia, and Hong Kong, to name a few. 

Tesla Model 3 earns rave review from one of Germany’s biggest magazines


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Tesla overwhelms China car carriers with Model 3 end of quarter push

Simon Alvarez

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Posted on March 27, 2019


Car carrier rental companies in Shanghai are starting to feel what it’s like to be part of Tesla’s end of quarter push. Recent reports from the country indicate that Tesla has been moving so many Model 3 sedans in China; car carrier rental companies in Shanghai are already running out of vehicles that can be used by the electric car maker.

Tesla is currently engaged in a massive drive to deliver as many of its electric cars to as many customers as possible. Unlike the previous quarters, this Model 3-driven push is not only happening in the United States, with foreign territories such as Europe and China being part of the company-wide delivery efforts as well.

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This intense initiative is particularly felt in China, which only started receiving its first batches of Model 3 this quarter. Tesla is only delivering higher-cost versions of the electric sedan such as the Long Range AWD and Performance Model 3 for now, but the reception from the car buying public appears to be very positive so far.

Reports from the country’s social media platforms tell of busy Tesla galleries and fully booked test drive sessions. Sightings of car carriers transporting the Model 3 have also been shared online from multiple cities in China. One of Shanghai’s DMV offices was even flooded recently by Model 3 owners who were getting license plates for their vehicles.

It should be noted that Tesla’s Model 3 push in China is only in its initial phases. Being the company’s first true mass-market car, the Model 3 is designed to target both the country’s upper class (with imported vehicles like the Model 3 Performance) and middle-class (with vehicles like the Standard Model 3). Tesla is yet to release any lower-cost variants of the Model 3 in China, though Gigafactory 3’s rapid progress suggests that the Asian country could welcome its first genuinely affordable, locally-produced Model 3 later this year.

Elon Musk noted during Gigafactory 3’s groundbreaking ceremony that affordable variants of the Model 3 and Model Y will be produced in China as soon as the facility is ready for vehicle production. Shanghai official Chen Mingbo estimates that the factory could be completed by May, after which it will be tooled for electric car manufacturing. Provided that everything goes well, Tesla could start producing the Model 3 in Gigafactory 3 by the end of 2019.

Tesla overwhelms China car carriers with Model 3 end of quarter push


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Rivian R1T pickup truck’s aerodynamics in focus in latest teaser video

Simon Alvarez

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Posted on March 27, 2019


Rivian’s new teaser for its all-electric R1T pickup truck focuses on the upcoming luxury adventure vehicle’s aerodynamics, which resulted from countless hours dedicated by the company’s aerodynamicists, designers, engineers, and sculptors. The result of all these efforts is a truck that is tough, sleek, and capable of going 400-miles between charges.

The short video provides what could be described as a behind-the-scenes look at some of the work that went behind the creation and design of the R1T pickup. Much care was taken by the company to ensure that the vehicle’s aerodynamics optimizes range, which is incredibly important for an electric truck like the R1T, which is designed for both utility and luxury.

Rivian impressed the electric car industry by unveiling two nearly production-ready vehicles late 2018 following numerous years of operating in stealth mode. Together with the R1T pickup truck was the R1S SUV, a seven-seater utility vehicle that is also designed to be as comfortable off the beaten path as it is on paved roads. Both the R1S and the R1T are equipped with four electric motors that allow the vehicles to accelerate from 0-60 mph in 3 seconds. Both vehicles also boast up to 400 miles of range.

(Credit: Rivian)
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While the R1T and the R1S are already impressive when they were unveiled, recent patents from Rivian suggest that the company is still working consistently to improve the vehicles. Patent applications from the company show that Rivian is working on an auxiliary battery pack that can push the range of its vehicles beyond 400 miles between charges, as well as swappable components that could optimize the R1T pickup truck for specific tasks.

Rivian CEO RJ Scaringe noted in a previous interview that the R1T is aimed towards buyers that spend “$70,000 or $80,000 on a GMC Denali or a Chevy Suburban or a Land Rover Discovery or a fully loaded Ford F150.” With this goal in mind, the CEO stated that the company would come up with a version of its 180 kWh, 400-mile range truck that is priced below $90,000.

Rivian recently sent out exclusive invitations for its reservation holders for a private viewing of its vehicles this April before the NY Auto Show. Similar to the R1T’s unveiling last year, the upcoming event is expected to be posh, with reservation holders being served cocktails and hors d’oeuvres while enjoying a meet-and-greet with the company’s CEO and several individuals involved in the creation of the R1T and R1S.

Watch Rivian’s latest teaser for the R1T in the video below.

Rivian R1T pickup truck’s aerodynamics in focus in latest teaser video


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Tesla showcases Model S and Model 3’s stellar handling in Winter Experience event

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Posted on March 27, 2019


Tesla has awarded a few lucky owners with a trip to Kemi, Finland to experience the high-performance capabilities of the Model S and Model 3 vehicles for its “Winter Experience 2019” event. A video shared by one of the winners gives a first look at the perks enjoyed by the event’s attendees.

Several Model S and Model 3 in the video are seen parked outside what may be the Kemi SnowCastle, a hotel built from snow and ice annually in Finland, where Tesla’s guests were treated to a special dinner as part of their Winter Experience package. The all-electric sedans are also seen swerving through obstacle courses and taking laps around an ice track with a professional driver.

The winners of Tesla’s winter event were provided with complimentary travel, accommodation, and food during their trip. The main event, however, was the ice track demonstration of the vehicles’ all-wheel-drive handling in winter conditions and Tesla’s Track Mode feature exclusive to the Model 3 Performance.

Tesla’s Winter Experience 2019. | Credit: Danni Efraim

Tesla’s Winter Experience 2019. | Credit: Danni Efraim

Tesla’s Winter Experience 2019. | Credit: Danni Efraim

Tesla’s Winter Experience 2019. | Credit: Danni Efraim
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Tesla’s all-wheel-drive electric cars are equipped with several features to enhance overall winter driving performance, primarily due to the enhanced traction provided by digital torque control in the front and rear wheels. This is prominent in the Model 3 Performance’s Track Mode, which features increased regenerative braking, track-focused powertrain cooling, and enhanced cornering to provide a full track-centered experience that maximizes the driver’s control during high-speed maneuvers.

The Winter Experience 2019 event comes amid Tesla’s continuous push to saturate the European midsize sedan market with the Model 3. Recent activity indicates the California-based car maker is anticipating a massive influx for the Model 3 Standard and Standard Plus versions which were launched earlier this month in the US. The $35,000 version of the electric vehicle is estimated to reach European markets in about 6 months.

Model 3 owners who didn’t make it to Tesla’s Winter Experience 2019 event can still find other events for Model 3 Track Mode experience. A Tesla-exclusive racetrack event called Tesla Corsa is currently on its third round and is set to take place on March 31st at Buttonwillow Raceway Park in California. The event’s organizers aim to give Tesla owners the opportunity to experience the all-electric performance benefits of their vehicles in a safe, controlled environment.

Tesla recently set a personal record for total number of combined vehicle sales in Norway, a country that could definitely benefit from the company’s vehicles’ winter features. Over 2,500 Model S, Model X, and Model 3 sold in the first three weeks of March this year, topping a previous record set in December 2017 when the electric car maker registered 2,461 Model S and Model X after a strong year-end push. Around 88% of all Tesla March registrations in Norway have been for the Model 3, a stat that certainly looks to be a nod to its winter capabilities.

Watch the video shared by Danni Efraim below for highlights from Tesla’s Winter Experience 2019 below.

Tesla showcases Model S and Model 3’s stellar handling in Winter Experience event


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Tesla (TSLA) shows recovery amid $450 price target, ‘Buy’ rating from Jefferies analysts

Simon Alvarez

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Posted on March 27, 2019


Tesla stock (NASDAQ:TSLA) is showing some signs of recovery on Wednesday as it received an optimistic $450 price target from Jefferies Financial Group. The new vote of confidence comes amidst Tesla’s efforts to push the Model 3 to Europe, China, and the United States during the final days of the first quarter.

A research report issued by Jefferies’ equities research analysts to the firm’s clients on Wednesday points to a potential upside of over 68% from the stock’s $260.42 closing price on Tuesday. The researchers currently have a “Buy” rating on the electric car maker.

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Tesla’s shares have proven volatile this month, following the company’s launch of the $35,000 Model 3, the debut of the Model Y, and headwinds from Elon Musk’s ongoing row with the Securities and Exchange Commission. RBC analyst Joseph Spak recently cut his price target for Tesla shares to $210 each in a note on Monday, citing what he believed was “meager demand” for the Model 3. Even Oppenheimer technical analyst Ari Wald noted that he does not recommend Tesla stock as  “Buy,” even if the company could see a 40% upside in the future.

While reservations about Tesla’s performance this first quarter are understandable (Elon Musk himself noted that the company would probably not be profitable this quarter), concerns over the company’s capability to sell its vehicles might be overblown. Part of the current bear thesis against Tesla is the declining number of electric car deliveries in the United States, which could be explained by the company’s focus on Europe and China this Q1 2019.

As the final days of the first quarter trickle down, things appear to be settling down for Tesla. Apart from Jefferies’ recent vote of confidence, Elon Musk’s row with the SEC could also see a resolution within the next few weeks, with US District Judge Alison Nathan giving a date to hear oral arguments from the CEO’s legal team and the agency on April 4, 2019.

Tesla is going all-hands-on-deck to deliver as many vehicles as it can before the end of the month, as revealed in a leaked email from Elon Musk to the company’s employees. In the message, Musk urged Tesla’s workers to focus on delivering electric cars, with the CEO stating that the company should aim to deliver 30,000 vehicles in the final two weeks of March.

As of writing, Tesla shares are trading +1.59% at $272.04.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla (TSLA) shows recovery amid $450 price target, ‘Buy’ rating from Jefferies analysts


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Tesla Semi rival Nikola buys 400 acres in AZ for manufacturing facility

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Posted on March 26, 2019


Nikola Motor Company, a hydrogen-electric semi truck manufacturer competing with Tesla’s all-electric long-hauler, has acquired approximately 400 acres of prime development property of an up-and-coming vehicle manufacturing hub in Pinal County, Arizona. Nikola announced the geographic location of the facility earlier this year which is expected to bring an estimated $1 billion in economic stimulus to the region by 2024.

Nikola estimates the project will create approximately 2,000 jobs to the region as well as facilitate thousands of additional jobs brought by its presence via other suppliers coming into the area. “Imagine what it will do for property values, schools, parks, and other city improvements…[Nikola] will be a huge benefit to [Pinal County’s City of] Coolidge and the surrounding areas for decades to come,” Trevor Milton, CEO of Nikola Motors, said in a company press release announcing the purchase.

The acquired acreage for Nikola’s semi truck manufacturing facility is in the Inland Port Arizona (IPA) part of Heritage, an 11,438 acre prime development site owned by Saint Holdings, LLC. IPA itself is described as a nearly 3,000 acre “manufacturing mega site” located in the Central Arizona Corridor between Tucson and Phoenix and currently served by the Union Pacific Rail Line, according to Saint Holdings’ IPA marketing brochure.

The Nikola Two hydro-electric semi truck. | Credit: Nikola
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Nikola’s partnership with Saint Holdings appears to benefit both companies in their endeavors to expand the automotive industry in Arizona and provide value to the areas where their businesses are located. “When we set out to build a factory, part of my vision was to help an entire community,” Milton remarked. Tom Stringer, the practice leader who lead the national site selection process for Nikola, echoed Milton’s sentiments as applied to the industry benefits. “Nikola’s vehicles and market vision coupled with Saint Holdings’ world-class manufacturing destination has created the perfect economic development engine for the new automotive industry in Arizona,” he commented.

Nikola’s initial trucks will be built by Fitzgerald Glider Kits while its Arizona manufacturing facility is under construction. First in line for production is the Nikola One sleeper followed by the Nikola Two day cab. A Nikola Tre for the European market is also being developed for production during the 2022-2023 timeframe previously set forth for the U.S. versions. The trucks’ hydro-electric engines produce 2,000lbs.-ft torque and 1,000 hp with a 320 kWh battery that’s estimated to provide 500-1,200 miles of range depending on load.

Follow us @Teslarati for behind the scenes coverage from Nikola World, taking place on April 16-17 in Scottsdale. We’ll be bringing you a first look at Nikola’s upcoming all-electric Semi-truck.

Tesla Semi rival Nikola buys 400 acres in AZ for manufacturing facility


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Tesla could see a ~40% rally, but that doesn’t mean it’s a ‘Buy,’ claims analyst

Simon Alvarez

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Posted on March 26, 2019


In a rather interesting episode of CNBC‘s Trading Nation, Oppenheimer technical analyst Ari Wald mentioned that Tesla stock (NASDAQ:TSLA) could be poised to see some recovery. Despite this, the analyst mentioned during his segment that he does not consider Tesla stock a “Buy.”

The Oppenheimer analyst argued that Tesla stock has been notably volatile to the point where its price direction is nearly aimless. In the past 12 months alone, Tesla shares swung from prices as high as $387 per share to as low as $244.59 per share. With $250 being a big support range level, Wald estimated that TSLA shares could swing back to $360 per share.

“This is one we’ve been on the sidelines with, avoiding both on the long end and short side, just given how directionless and choppy it’s been, and that’s still the case. It’s paid to buy it when it’s ugly and sell it when it starts to look good, so with that in mind, it probably looks more positive than not, just considering how bad it’s performed; $250 is the big support range level, $360 is the upside there,” the analyst said.

If Tesla does move back to the $360 per share level, it will represent a nearly 40% upside from Monday’s $260.42 close. Yet, despite the potential recovery, Wald stated that this does not mean TSLA is a “Buy.” “You can see the flat 200-day that exemplifies that directionless action. If we allocate toward stocks that trend, this isn’t one of them,” he noted.

Tesla stock has been weighed down recently partly due to concerns over the Model 3’s alleged “meager” demand and the ongoing issues between CEO Elon Musk and the Securities and Exchange Commission (SEC). On Monday alone, RBC analyst Joseph Spak slashed his price target on Tesla by $35 to $210 each. JMP Securities analyst Joseph Osha also trimmed his price target for Tesla by 3% to $394 per share. Both analysts cited reservations over the Model 3’s demand this first quarter as among the drivers behind their more conservative estimates.

Tesla, for its part, appears to be drawing the curtains back for some good news. On Monday, Tesla proved victorious after a judge dismissed a lawsuit claiming that the company committed fraud during the initial months of the Model 3 production ramp. A recent update from Morgan Stanley analyst Adam Jonas also confirmed that Tesla is not under a Wells notice and is not legally prevented from issuing stock, putting to rest a persistent point that has been brought against the company by its critics. The average price target in Wall St for Tesla stock also remains at $335 per share, implying a ~30% upside from Monday’s close.

This Tuesday, Tesla’s shares appear to be getting a breather, trading (+2.90%) at $267.84 per share as of writing.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla could see a ~40% rally, but that doesn’t mean it’s a ‘Buy,’ claims analyst


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Tesla Model 3 owner shares Supercharger V3 insights after full charging session

Simon Alvarez

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Posted on March 26, 2019


A Model 3 owner recently shared some insights about the behavior of Tesla’s Supercharger V3 following a full charging session. According to the Tesla owner, the company’s new charging solution was able to charge his vehicle from 9% to 90% in just 35 minutes.

The Tesla community member noted that Supercharger V3 immediately showed a charge rate of 255 kW as soon as the Model 3 was plugged in. This rate stayed on for around 15% before the charge rate started to normalize at around 177 kW. With this setup, the Model 3 was able to go from 9% of charge to 23% in just 4 minutes.

The Model 3 owner summarized how Supercharger V3 recharged his vehicle (credit to u/privaterbok of the r/TeslaMotors subreddit).

  • 9% – 50% = 12 minutes
  • 9% – 60% = 15 minutes
  • 9% – 70% = 19 minutes
  • 9% – 80% = 25 minutes
  • 9% – 90% = 35 minutes

It should be noted that Tesla’s Supercharger V3 is still largely in its trial phase today. Thus, the company is still bound to make improvements to the infrastructure in the near future. By the time the mass rollout of Supercharger V3 stations begins, there is a good chance that the charge rates reflected in the Model 3 owners’ recent session will be improved.

The electric car maker’s breakthroughs with Supercharger V3 are not the only good news for Tesla owners either, as the company has also begun unlocking 145 kW charge rates for its Supercharger V2 stations. With these improvements, even Tesla’s older vehicles that are not supported by V3 stations could enjoy faster charging times in the more than 12,000 existing Supercharger V2 locations today.

With a power output of 250 kW, the new charging stations are expected to charge at rates of up to 1,000 miles per hour. Unlike V2 stations, Tesla’s new chargers are immune to power sharing, which means that every electric vehicle charging at V3 stations are guaranteed to receive an output of 250 kW, even if another Tesla is charging in an adjacent stall. With these improvements, Tesla expects electric car owners to reduce the time they spend in Superchargers by up to 50%.

Watch the Model 3 owner’s Supercharger V3 charging session here.

Tesla Model 3 owner shares Supercharger V3 insights after full charging session


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Tesla Model 3 right-hand drive spotted in California

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Posted on March 26, 2019


A right-hand-drive variant of the Tesla Model 3 has been spotted recently in California. In a photo shared on Reddit by user u/Mr_Salty_Peanuts, a black test version of the midsize sedan is seen driving on I-280 with dealer plates. The production timeline for the vehicle set forth by CEO Elon Musk aligns well with the sighting, as mid-2019 has been the predicted timeframe for the RHD variant’s release on several occasions.

The sighting of the RHD Model 3 is good news, particularly for reservation holders in the UK in close proximity to locations covered by Tesla’s current European sales ramp, which only cover left-hand drive territories. The California-based electric car maker has been preparing itself for a massive influx of orders for the Model 3 Standard Range after introducing the $35,000 vehicle earlier than expected. Elon Musk has estimated a September 2018 time frame for its availability in Europe.

Model 3 right-hand-drive (RHD) spotted on a California highway. (Photo: u/Mr_Salty_Peanuts/Reddit)
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Tesla’s online configurators generally open a few months prior to deliveries, meaning if the all-electric car maker’s predictions are correct, customers in RHD locations like the UK, Australia, and Hong Kong will soon have an opportunity to design their vehicles. Musk has previously acknowledged the patience exerted by Tesla’s UK customers, even suggesting a used Model S as an alternative in the meantime.

“Probably mid next year before we are able to make RHD. Wish it could be sooner. Maybe try a Model S, used or new in the meantime? Used S is better than a new 3 imo, unless you want a smaller car,” Musk stated on Twitter in response to a question about Tesla’s Model 3 UK roadmap.

An earlier hint that Tesla was making progress on the RHD Model 3 variant was spotted via VIN registrations indicating two of the cars had been manufactured, according to a database maintained by a VIN tracker. The 5th character of the two Model 3 were listed with an “F,” hinting at the cars’ RHD setup (the fifth character of a VIN corresponds to a car’s Body Type and Gross Vehicle Weight Rating).

The Model 3 was designed with multiple driving configurations in mind and, thanks to its symmetrical nature, minimal retooling and engineering for right-hand-drive will be required, according to Musk. Combined with Tesla’s more streamlined Model 3 manufacturing process, the build up to production levels for the UK, Australia, and other RHD countries will likely come with much fewer delays than other variants have experienced. Tesla will also have a fair amount of delivery logistics experience under its belt once the first RHD cars are ready for their customers internationally.

Tesla Model 3 right-hand drive spotted in California


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Tesla dips amid ‘meager’ Model 3 demand claims despite TSLA’s China, Europe push

Simon Alvarez

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Posted on March 25, 2019


Tesla stock (NASDAQ:TSLA) dropped to nearly 5-month lows on Monday, trading as low as $256.02 per share, the lowest since October 22, 2018. The drop in the electric car maker’s shares transpired amidst Wall St’s continued concerns over alleged Model 3 demand issues and Elon Musk’s recent initiative to raise the price of Tesla’s inventory vehicles by ~3%.

RBC analyst Joseph Spak recently cut his price target for Tesla shares by $35 to $210 each in a note published on Monday. Spak trimmed his Q1 2019 Model 3 delivery forecasts to 52,500. This number is 4,500 less than Spak’s previous estimates over what he cited as “meager demand” for the electric sedan. Apart from Spak, JMP Securities analyst Joseph Osha lowered his price target for Tesla by 3% to $394 per share. Osha cites the US market’s weakness and Tesla’s closing of its galleries as among the drivers behind his more conservative stance, though the analyst noted that JMP continues to believe in Tesla’s long-term narrative.

“As we have moved through the first part of 2019, it is becoming apparent that Tesla’s efforts to pull demand into 4Q before the federal tax credit expired worked well, perhaps better than the company had planned. Indeed, based on our analysis we are not sure that U.S. demand will return to 4Q18 levels at any point this year. It is worth reiterating that our investment stance on Tesla has always been based on the potential the company has to make competitive gains over time. The undeniably challenging environment that Tesla faces at the moment is not enough to impact our fundamental stance on the company and its prospects,” Osha wrote.

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Concerns about the Model 3’s weakening demand might be overblown, especially considering that Tesla is currently focusing its push for the vehicle in territories outside the United States. This is a key point that seems to be neglected in recent mainstream analysis of the company’s strategy this quarter, as revealed in a recent piece on Model 3 demand from The New York Times. Citing new-car registrations compiled by the Dominion Cross-Sell Report, which concluded that new Tesla registrations “fell significantly” in the 23 US states covered in the report, the publication suggested that the numbers are a worrisome sign for the electric car maker.

While the NYT‘s hypothesis with Tesla’s lower registrations in the US should not be discounted, the company’s lower registration numbers could be explained by Tesla simply not delivering as many vehicles in the United States this quarter compared to Q4 2018. Since January, Tesla has been pushing the Model 3 to Europe and China, two markets that have been waiting for the electric sedan. This is a notable contrast to Tesla’s strategy in the fourth quarter, when all of its production and deliveries were focused in North America. Until Tesla reveals its delivery figures in Europe and China on its Q1 2019 production and delivery report, it seems too early to make assumptions about the sedan’s overall demand, or lack thereof.

Tesla is nearing the end of Q1 2019, and the company is putting all hands on deck. A recently shared email from Elon Musk has revealed that the CEO is urging the company’s employees to shift their focus on delivering cars to customers, regardless of their role. Musk was optimistic in his message, stating “This is the biggest wave in Tesla’s history, but it is primarily a function of our first delivery of mass manufactured cars on two continents simultaneously, and will not be repeated in subsequent quarters.” Musk has also announced that Tesla is increasing the price of inventory cars worldwide by ~3% on April 1. The changes would not be affecting the current prices of Tesla’s existing vehicles, and is only intended to bring the costs of inventory cars in line.

As of writing, Tesla shares are starting to recover, trading down 1.18% at $261.41 per share.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla dips amid ‘meager’ Model 3 demand claims despite TSLA’s China, Europe push


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var disqus_shortname = «teslarati»;
var disqus_title = «Tesla dips amid ‹meager› Model 3 demand claims despite TSLA’s China, Europe push»;
var disqus_url = «https://www.teslarati.com/tesla-tsla-model-3-demand-europe-china-q1-2019/»;
var disqus_identifier = «teslarati-98680»;

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