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Tesla Inc (TSLA) to Raise Prices for 100D/P100D

Tesla Inc (NASDAQ:TSLA) is in the spotlight after the company updated its online design studio to lower the price of the cheapest car, the Model S with 75kWh, to $69,500. That’s down $7,500 for that edition but still $1,500 more than the discontinued 60kWh Model S, which customers can no longer buy. In addition, Tesla plans to execute ‘slight price increases’ to the P100D and 100D, which are Tesla’s higher tier models. Given that consumers who buy those editions are less price sensitive on the account of their purchasing power, demand for the P100D and 100D will hopefully not change much. The 100D currently has the distinction of being the electric vehicle on the market with the longest range, with the ability to go 335 miles on a single charge.

Despite the news, Tesla Inc (NASDAQ:TSLA) is down 0.55% in afternoon trading likely due to profit taking.

What Does The Smart Money Sentiment Say?

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 39.7% gains over the past 12 months and outperformed the 24.1% gain enjoyed by the S&P 500 ETFs. Our enhanced small-cap hedge fund strategy returned more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points over the last 4.5 years (see details here).

Tesla is a battle ground stock. On the long side is 38 funds tracked by Insider Monkey which accounted for 3.50% of the float on December 31. On the short side are likely numerous funds that account for 26% of the float.

The Bottom Line

Tesla Inc (NASDAQ:TSLA) is trending due to the news that it will raise prices for the 100D/P100D. For more reading, check out ‘10 Most Expensive Cars Ever Sold At Auction‘.


Tesla Motors Inc (NASDAQ:TSLA), Car, Showroom, Customer, Logo, Automotive, Brand, Shop, Sales, Building,

Hadrian /

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