If it can’t put a $25,000 model on the market, Tesla will miss out on huge revenue over the next 10 years. In the mid-2020s, entry into the low-priced vehicle market will be critical to support Tesla’s growth prospects, Guggenheim analyst Ali Faghri said in an investment report Thursday.
On Wednesday, local time, Tesla CEO Elon Musk dismissed the possibility of launching a $25,000 model this year, and the company will focus resources on rolling out fully self-driving technology to ensure that the Model 3 and Model Y are more expensive. Chip supply for models, We are not currently developing a $25,000 model, but we will develop it in the future. At present, the most important thing is fully autonomous driving technology.
In a nutshell, despite Tesla’s somewhat disappointing statement on the earnings call, Wall Street bulls weren’t affected. Our advice to investors is that Tesla remains a must-own stock, said Morgan Stanley analyst Adam Jonas.