Tesla Motors Inc. (NASDAQ:TSLA) stock closed the week on a low, despite CEO, Elon Musk, wooing the crowd with the company’s next high-performance all-wheel drive model. CNBC’s Jane Wells expects the new Model-D to have a considerable impact on Tesla’s sales especially in cold climate areas with the addition of the dual-motor.
The drop in the market according to CNBC’s Steven Weiss was due to the fact that people already knew what was coming after the much-publicized Tweet about the ‘D’ flactor.
Musk announced that the new car will enjoy exotic driver aids that will form part of the self-driving package as the company makes a push for the driverless technology.
“It’s top speed is faster, it has a longer range on one charge and it goes from 0-60Mph in 3.2 seconds.[…] This was kind of an Apple Inc. (NASDAQ:AAPL) event except something much bigger, more expensive and may be cooler than a phone, “said Mrs. Wells.
Tesla Motors Inc. (NASDAQ:TSLA) will incorporate a system in the new car that will allow drivers to change lanes by simply tapping a turn signal button. The new car will also incorporate a feature that reads speed limits on each road and adjusts the car’s speed accordingly. The car will also be able to park itself when commanded. The new upgrades will be available for sales as of December with the high-end one’s being quoted the price tag of $120,000.
Tesla Motors Inc. (NASDAQ:TSLA) is moving with speed to incorporate sensors in all its Model-S vehicles yet to be released to the general public. The sensors will come with a forward looking camera. The added sensors and Camera will especially be beneficial in preventing any form of collision. CNBC’s Brain Kelly maintains that going short on the stock at the moment won’t be the best of moves as the stock is destined to bounce again.
“[..] Comparing it to Apple Inc. (NASDAQ:AAPL), a lot like Apple when the product actually launches it runs up into the launch and on the launch it sells off. Tesla still holding key support levels So, I wouldn’t be too far betting against this thing because they are putting out great products that people obviously want to wet themselves over.
Daniel Benton‘s Andor Capital Management held 1.25 million shares worth $300.07 million at the end of the second quarter of 2014.