Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Could Tesla Motors Inc (TSLA) Have Lost $3 Billion To Angry Fans?

Tesla Motors Inc (NASDAQ:TSLA)’s stock price is amid a free-fall as its stock lost almost 2% of its value, which is currently about $226. Although the company unveiled a set of unique new features for their Model S under the name of a whole ‘new’ Model D, many fans are still displeased with the car manufacturer. San Jose Mercury News revealed why there are so numerous angry Tesla Motors Inc (NASDAQ:TSLA) customers.

Tesla Motors Inc (NASDAQ:TSLA)

Elon Musk revealed on October 9 the mystery behind his tweet sent about 8 days before and that proved to be a big disappointment in terms of expectations. People don’t show a grim demeanor if General Motors Company (NYSE:GM) or Ford Motor Company (NYSE:F) release a new model only once a year and the vehicle isn’t that much different than its predecessors. However, Tesla Motors Inc (NASDAQ:TSLA) went too far with their all-wheel-drive option of Model S without a priori announcement of the intention.

Different buyers argued that they would have waited for the newest version of the car, but dealers replied that no changes to the Model S were expected. So many followed impatiently through with their intention and bought the car, only to realize after a short while that it wasn’t actually the best idea. Moreover, Forbes informed that Tesla Motors Inc (NASDAQ:TSLA) lost half a billion dollars just because of bringing down expectations so abruptly.

If you sum everything up, it’s probably much more as the company’s down a little more than 11% for the last 5 trading days. Assuming a market cap for the company of $28.45 billion, we get that the loss is about $3.13 billion. Most probably, it’s just the fault of Elon Musk’s statement regarding Tesla Motors Inc (NASDAQ:TSLA) stock being overpriced, but the latest disappointments could have given a helping hand to the one that pulled the company’s price underneath.

Disclosure: none

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.