Thought I'd post this so you don't have to bother registering for Seeking Alpha if you'd like to read the original piece.
Beware Teslas Model 3 Mess - Tesla Motors (NASDAQ:TSLA) | Seeking Alpha - the article is free but you have to register your e-mail address to view it on their site. The full text is pasted below. NOTE: NONE of what follows this line is my writing - this is ALL the article. So don't shoot the messenger! I just thought it was an interesting piece, though clearly very bearish.
Title: "Beware Tesla's Model 3 Mess"
Tesla is at least two years behind its own schedule for committing crucial suppliers and subcontractors to "partner" with it in the Gigafactory.
It is highly doubtful that the Model 3 will cost only $35,000. A base model price of $45,000 is more likely, and 500,000 Tesla vehicle sales in 2020 is unachievable.
Tesla's Model S and Model X have had the luxury EV market all to themselves. The Model 3, by contrast, will face formidable competition.
Tesla's reliance on Model 3 deposits as interest-free financing presents the company with serious disclosure obligations to a less financially-sophisticated class of buyers.
Beware Teslas Model 3 Mess - Tesla Motors (NASDAQ:TSLA) | Seeking Alpha - the article is free but you have to register your e-mail address to view it on their site. The full text is pasted below. NOTE: NONE of what follows this line is my writing - this is ALL the article. So don't shoot the messenger! I just thought it was an interesting piece, though clearly very bearish.
Title: "Beware Tesla's Model 3 Mess"
Summary
While Tesla has been astonishingly vague about how big its Gigafactory must be to support Model 3 production, it's clear that the pilot facility now under construction is inadequate.Tesla is at least two years behind its own schedule for committing crucial suppliers and subcontractors to "partner" with it in the Gigafactory.
It is highly doubtful that the Model 3 will cost only $35,000. A base model price of $45,000 is more likely, and 500,000 Tesla vehicle sales in 2020 is unachievable.
Tesla's Model S and Model X have had the luxury EV market all to themselves. The Model 3, by contrast, will face formidable competition.
Tesla's reliance on Model 3 deposits as interest-free financing presents the company with serious disclosure obligations to a less financially-sophisticated class of buyers.
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