Analyst slashes Tesla sales forecast by 40% due to fuel prices Are you an aspiring New or Used Car Buyer looking for your dream car? Visit Cars4sa.co.za Filed under: Sedan, Tesla, Electric While falling gas prices are cause for celebration among Americans, many of whom are seeing their budget for Christmas presents burgeon on account of the cheap fuel, its decidedly bad news for Tesla Motors. The electric car manufacturers fortunes are being seriously impacted by the low cost of petrol, with one of the firms biggest fans on Wall Street, Morgan Stanleys Adam Jonas, now slashing his expectations for the Palo Alto, CA-based company. Jonas has a long record of being bullish on the brand, but that hasnt stopped him from lowering his forecast for the company by a whopping 40 percent. In other words, Jonas thinks Tesla will only be able to sell 300,000 vehicles by the end of the decade rather than the half a million that was originally forecast. While nobody buying a Model S today is doing so to save on their monthly expenses, the longer-term story is far more dependent on the volume success of the Model 3, Jonas wrote, according to CNN Money. Oil price is a factor for Model 3. Gas prices might not be the only factor that could hurt the Model 3, though. Jonas seems to think that Tesla wont be able to sell its more affordable model for anything less than $60,000, which is a far cry from the $35,000 price that the company has targeted. Jonas doesnt elaborate on why Tesla might miss its target so drastically, but it does help to explain his bearish attitude - if gas prices remain low, theres not really any incentive for customers to join the Tesla family. Thats doubly true when the cost of joining said family is twice as much as expected. Analyst slashes Tesla sales forecast by 40% due to fuel prices originally appeared on Autoblog on Thu, 18 Dec 2014 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
Posted on: Fri, 19 Dec 2014 08:38:02 +0000
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