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.

Tesla Motors Inc. (TSLA) On Right Track Despite Huge Drop: Adam Jonas

Tesla Motors Inc. (NASDAQ:TSLA) big announcement about an all-wheel drive car with autonomous driving features could not prevent the stock from sinking as the entire auto industry continues to be crashed. During an interview on CNBC, Morgan Stanley analyst, Adam Jonas, downplayed suggestions that there is need to be concerned about the company’s future prospects.

Tesla Motors Inc (NASDAQ:TSLA)

“We are pretty impressed actually I think the share price reaction is just a bit of a catchup. The whole broader market has been crashed here, and Tesla was being held because of this excitement around the announcement. If you look at the substance of the announcement, there is some pretty astonishing things going on, “said Mr. Jonas

Some people are already arguing that there is nothing new about Tesla’s new invention that can clock high speeds of 60Mph in a matter of 3.2-seconds at the back of 700 horsepower. Many people would argue that this was the only logical upgrade that Tesla could have done with an upgrade

Jonas, on the other hand, argues that Tesla Motors Inc. (NASDAQ:TSLA) is not purely an electric car play, but a manufacturer focused on developing souped-up, exciting cars with high-performance capabilities.

“Tesla basically went from last place to first place in terms of autonomous driving features like the spot-pilot where you can get out of the car and it parks itself while you are standing on the side watching. Some pretty innovative stuff and it is just the beginning as these cars have the ability to learn and make over the air correction, “said Mr. Jonas.

Jonas expects the newly launched model to command impressive demand from the wealthy class who are mostly driven by fun and safety when buying new cars. The analyst also believes that Tesla Motors Inc. (NASDAQ:TSLA) remains strategically positioned as the best software engineering auto company.


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

Loading...