The week had no shortage of Tesla-related reports. Here are is a selection of interesting Tesla news pieces published over the last seven days. Discussions cover the uncertainty surrounding Tesla’s business actions, reports of a truck, emerging rivals and more. Consider reading these interesting Tesla reports.
Wall Street goes crazy over Tesla.
When the firm rose beyond General Motors’ last week, the young electric car maker became the most valuable vehicle producer in the U.S. The event sparked discussions about mislead investments, the true future of the auto industry, and the momentum surging behind battery powered vehicles.
GM is a recognized automotive legend and managed to sell close to 9.6 million cars last year alone. In comparison, Tesla is relatively young and inexperienced, having sold a mere 84,000 electric cars in 2016. Investment has grown increasingly bulling towards TSLA despite this. The trend allowed the automotive start-up to surpass General Motors’ share price a few days ago.
Does this mean electric vehicles are taking over the the auto industry, or are investors trapped in a bubble? The Guardian’s Karl West reports his take.
Tesla is losing its focus.
The company is reported to have lost sight of its goals. Such oversight is dangerous with many potential consequences in the future. “The risk of overconfidence for Tesla is now at its highest point since the company was founded,” writes Matthew DeBord.
The surge backing the more than $300 price tag on Tesla Motors lacks “meaningful fundamentals”. According to DeBord, company backers are led only by futurism. Those throwing money at the stock are only betting on a large pay-offs down the line. “In the short term, Tesla’s volatility will undoubtedly re-appear, so the question isn’t whether Tesla’s stock will fall, but how far.”
Read more of Matthew DeBord’s coverage here.
Tesla Semi-truck unveiling this year.
Beyond the Model 3’s arrival, the electric car maker will unveil a semi-truck this fall. The company’s CEO and co-founder, Elon Musk took to twitter to make the announcement this Thursday. The incoming truck will be yet another new vehicle segment for the Palo Alto start-up, we look forward to September for more details.
“Tesla Semi truck unveil set for September,” Musk wrote on Twitter. “ Team has done an amazing job. Seriously next level.”
The news only added to the bullish excitement surrounding TSLA shares. The company has shared its plan to enter a whole range of automotive markets. Also find more on this story can be here.
Tesla is not a car business, it’s all about batteries.
Ellen R. Wald explains her take on Tesla’s business Model in light of the car maker’s value spike. Wald claims that electric car company can only succeed as a battery maker. She claims the firm is completely unworthy of its stock value when one looks at it purely as a car maker.
“As a car company, Tesla’s actual value should not be anywhere near its current levels. Only as a battery maker might it hold promise, but its batteries do not currently justify such a valuation.”
Tesla is nearly 6 months into its SolarCity adoption. The mergers will help the company propel its home and industry batteries, solar ventures, and the adoption of its electric cars. Read about why Elon Musk should focus more on his batteries than cars here.
Tesla is bubble priced.
The enthusiasm for Tesla’s stock has many trying to point out the overpriced value of the company. Forbes’ John Wasik gives us 5 reasons why Tesla investors are in a bubble.
“As far as progressive companies go, Tesla is one of my favorites,” Wasik writes. “Yet Tesla the stock is horrendously overpriced given its size, manufacturing capacity and competition. Although it recently surpassed the goliath GM as the most most highly valued car company in market capitalization, Tesla’s price represents more optimism than sound valuation. There is a disconnect behind Tesla’s realistic business prospects and investors at large.”
Also read more of what John Wasik had to say here.