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.
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.
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