Published: Sat, September 15, 2018
Hi-Tech | By Grace Becker

Tesla Bull Switches Gears, Says Tesla "No Longer Investable"

Tesla Bull Switches Gears, Says Tesla

Dubbed by Elon Musk as a "bet-the-company" vehicle, the Model 3's success or failure could dictate Tesla's future. "This will be effective on Thursday, September 13, 2018, after which Metallic Silver and Obsidian Black Metallic will be offered only as limited edition colors via special request at a cost of $2,000 only until Friday, September 21, 2018". Once Tesla is manufacturing the full range of the Model 3's variants, it would not be too surprising if the vehicle ends up dethroning best-selling passenger cars like the Toyota Camry in the United States.

There will be five remaining options available as of Wednesday - Solid Black, Midnight Silver Metallic, Deep Blue Metallic, Pearl-White Multi-Coat, and Red Multi-Coat.

"We occasionally adjust pricing and available options to best reflect the value of our products and to streamline our manufacturing operations", the company said in a statement.

"To ditch paint options won't be the last action to simplify the auto production". Clearly, as added by experts, Tesla is still a greenhorn when it comes to mass production. "It's a lot more effort than selling gasoline cars [because] you need a lot more education", he said during the interview.

Shah is now the second Tesla backer to recently question Musk's leadership.

In a note to clients on Tuesday titled "No Longer Investable", Nomura Instinet analyst Romit Shah said that while Nomura has been one of the most bullish on Tesla's stock since it initiated coverage last October, the controversial behavior of Tesla's chief executive is recent months has hurt the company and likely contributed to the senior management exodus.

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"We are anxious that this behavior is tainting the Tesla brand, which in terms of value is most important", analyst Romit Shah said.

Jonas said he has "no knowledge" that an equity buyout is being considered by Tesla.

Tesla shares surged 11 percent Tuesday that said he is considering taking the company private at a $420 per share price.

In arguably his most public gaffe, Musk unexpectedly tweeted last month that he had secured funding to take Tesla private.

Near 1915 GMT, Tesla shares were up 6.5 per cent to $280.22, recovering from Friday's selloff prompted by the news of two executive departures and criticism of Musk's pot-smoking podcast appearance.

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