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I look forward to the upcoming 2Q SEC filing and earnings call, should provide details if their production ramp up is going slower than expected. They need to on average increase their daily production by 14 cars a a month to get near the 5000 Model S's by the end of 2012. I'd rather they take their time and miss a few targets than deliver lower quality cars than get bad press.
It's disappointing to hear this, but it will be FAR too damaging if they're pushing out not-yet-ready products. The negative publicity of "another Model S dies in the middle of the interstate" or "more reported Model S problems" is going to be a lot more harmful to sales and ultimately have a bigger impact on investors I think.
Get the production line right the first time and things will go much more smoothly down the road. So I'll keep on being patient.
I agree with all comments. I think the powertrain is pretty well fleshed out and the delays are due to relatively minor fit/finish, door handle, and console redesign delays.
Drastically cutting the stock price and changing from buy to sell is absolutely ridiculous, especially given the positive initial driving reviews. Wunderlich is being foolish. 500 less deliveries in the 3rd quarter (almost certainly made up for in the 4th quarter) does not mean the company and product are headed downhill. In fact, just the opposite. If quality trumps production numbers that's a positive in my book.
The last few years have taught me two things:
1. The financial industry doesn't exactly know what they're doing much of the time.
2. Don't bet against Elon Musk.
I agree with all comments. I think the powertrain is pretty well fleshed out and the delays are due to relatively minor fit/finish, door handle, and console redesign delays.
Drastically cutting the stock price and changing from buy to sell is absolutely ridiculous, especially given the positive initial driving reviews. Wunderlich is being foolish. 500 less deliveries in the 3rd quarter (almost certainly made up for in the 4th quarter) does not mean the company and product are headed downhill. In fact, just the opposite. If quality trumps production numbers that's a positive in my book.
The last few years have taught me two things:
1. The financial industry doesn't exactly know what they're doing much of the time.
2. Don't bet against Elon Musk.
Agree completely Todd...I find many Financial Analysts to be just like bankers...they think they know your job / your industry better than you do and that given the chance, they could outperform you in this regard...most of them are full of crap imo...
I agree, however these ratings are primarily intended to be used by day traders. For any trader with a very short term perspective, things look bad (taking a 1 - 3 month view). Anyone with at least a 1 year view will say that these ratings are foolish.