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Tesla Chairman and CEO Elon Musk steps out of the new 'Semi' electric Truck during the unveiling for buyers and journalists on November 16, 2017 in Hawthorne, California, near Los Angeles. (Photo credit VERONIQUE DUPONT/AFP/Getty Images)
Tesla Inc CEO Elon Musk is either inspiring shareholders with his great new ideas for future clean transportation, or diverting attention from the struggle to produce enough Model 3 affordable electric cars, which will determine the future profitability of the company.
Those opposite reactions echoed around the financial world after Musk unveiled the first-all electric truck and followed it up with a $200,000 super car.
Investment researcher Evercore ISI had a neutral view, saying even the expected new truck had a surprise element – 500 mile range at highway speeds and max permissible gross weight – while the sports car blind-sided everybody.
“For the bulls, the event supports the view that Tesla produces innovative, re-defining and disruptive products with great design and technology at the core,” Evercore ISI analyst George Galliers said.
“For the bears, long-term detractors have ridden out similar eye-catching reveals in the past. Bears will be cognizant of the capex requirements to bring both products to market and their respective margins – note, no mention of gross margins so far,” Galliers said.
Investment researcher Jefferies was a bit more sceptical, saying the truck concept didn’t reveal key details, like battery longevity, which will determine depreciation to reliably work out the total cost of ownership compared with the diesel competition.
“We expect limited impact on the shares although raising working capital through the new Roadster is clever. Truck competitors appear well advanced on electric trucks,” Jefferies analyst Philippe Houchois said.
Tesla said it was taking $5,000 deposits for the truck and will being taking $50,000 reservations for the sports car.
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Tesla Chairman and CEO Elon Musk steps out of the new 'Semi' electric Truck during the unveiling for buyers and journalists on November 16, 2017 in Hawthorne, California, near Los Angeles. (Photo credit VERONIQUE DUPONT/AFP/Getty Images)
Tesla Inc CEO Elon Musk is either inspiring shareholders with his great new ideas for future clean transportation, or diverting attention from the struggle to produce enough Model 3 affordable electric cars, which will determine the future profitability of the company.
Those opposite reactions echoed around the financial world after Musk unveiled the first-all electric truck and followed it up with a $200,000 super car.
Investment researcher Evercore ISI had a neutral view, saying even the expected new truck had a surprise element – 500 mile range at highway speeds and max permissible gross weight – while the sports car blind-sided everybody.
“For the bulls, the event supports the view that Tesla produces innovative, re-defining and disruptive products with great design and technology at the core,” Evercore ISI analyst George Galliers said.
“For the bears, long-term detractors have ridden out similar eye-catching reveals in the past. Bears will be cognizant of the capex requirements to bring both products to market and their respective margins – note, no mention of gross margins so far,” Galliers said.
Investment researcher Jefferies was a bit more sceptical, saying the truck concept didn’t reveal key details, like battery longevity, which will determine depreciation to reliably work out the total cost of ownership compared with the diesel competition.
“We expect limited impact on the shares although raising working capital through the new Roadster is clever. Truck competitors appear well advanced on electric trucks,” Jefferies analyst Philippe Houchois said.
Tesla said it was taking $5,000 deposits for the truck and will being taking $50,000 reservations for the sports car.
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