Tesla Motors lead in the world of electric cars may be short-lived, with the likes of Audi , BMW, Mercedes and Porsche poised to press their accelerators and outrun its ability to make decent profits.
Earlier this week, Tesla Motors CEO Elon Musk said he would make an all-stock offer for solar panel installation firm SolarCity worth nearly $3 billion. Criticism was harsh, with financial commentators describing it as “harebrained” and “stretching industrial logic” in contrast to Musk’s view that it was a “no brainer”. Some think the deal will be vetoed by institutional shareholders who hold a majority of shares.
Earlier this year, Morgan Stanley responded to Tesla’s decision to pull forward its 500,000 car production forecast for 2020 by 2 years, by reiterating its forecast for 2018 of 108,000 vehicles. At the time it commented that Musk’s new sales target calling for 1 million vehicles in 2020, was four times higher than its forecast of 248,000.
Earlier this week, Tesla Motors CEO Elon Musk said he would make an all-stock offer for solar panel installation firm SolarCity worth nearly $3 billion. Criticism was harsh, with financial commentators describing it as “harebrained” and “stretching industrial logic” in contrast to Musk’s view that it was a “no brainer”. Some think the deal will be vetoed by institutional shareholders who hold a majority of shares.
Earlier this year, Morgan Stanley responded to Tesla’s decision to pull forward its 500,000 car production forecast for 2020 by 2 years, by reiterating its forecast for 2018 of 108,000 vehicles. At the time it commented that Musk’s new sales target calling for 1 million vehicles in 2020, was four times higher than its forecast of 248,000.
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