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Tesla Has Room To Run As Model 3 Gets Ready To Launch

Tesla Has Room To Run As Model 3 Gets Ready To Launch”

Tesla finished the first half with sales of 47,100 vehicles, just meeting its goal of delivering 47,000 to 50,000 vehicles. A look at this latest drone footage of the Nevada gigafactory (the first of five) shows that Tesla should have no problem finishing the plant on time. This Tesla Model 3 will cost around $35,000 with a $7,500 federal electrical vehicle tax credit. He said he believes those catalysts include gross margin expansion, gigafactory construction updates, accelerating growth of Tesla Energy sustainable fuel business and potential introduction of the Model Y semi truck. Meanwhile, Tesla's Model X crossover will have a new competitor in the Jaguar I-Pace.

However, Baird analyst Ben Kallo reiterated his outperform rating on Tesla and a price target of 368, saying investors can now "focus on the Model 3".

Shares of the company rose by 3% on Monday from closing at $361.61 during Friday's market close after Musk tweeted the details of the Model 3 production on Sunday.

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The first certified production Model 3 that meets all regulatory requirements will be completed this week, with a handover of about 30 customer cars at Fremont factory on July 28. August production "should be" 150 cars, he said, and he projected more than 1,500 of the vehicles will be made in September. When a Twitter follower of the CEO asked him last week to "please have mercy" and give more information on the release, Musk responded cryptically that he would offer "news on Sunday". Analysts anticipate that Tesla Inc. will post ($5.78) earnings per share for the current year. Tesla says the five-seat auto will be able to go 133 miles (215 kilometers) on a single charge and will be sporty, accelerating from zero to 60 miles per hour in under six seconds.

"Once this was resolved, June orders and deliveries were strong, ranking as one of the best in Tesla history", the company said in a statement. June retail results totaled 152,396 vehicles, flat versus last year's retail results.

Right now, the waiting time for Tesla Model 3 has just become a little more definite. The electric vehicle producer reported ($1.97) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.67) by $1.30. Tesla responded by saying that the Model S "received the highest rating in IIHS's crash testing in every category except for one, the small overlap front crash test, where it received the second highest rating available", according to CNBC.



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