Tesla Motors Inc (TSLA) Wants To Bring The Silicon Valley Excitement To The Car Industry: Edward Niedermeye

Tesla Motors Inc (NASDAQ:TSLA) has created a lot of fuss recently with Elon Musk’s artistic skills, but that’s just too much excitement over marginal improvements, according to Bloomberg’s Edward Niedermeye. The Model D is expected to have just minor enhancements over the existing variants of the company’s cars, but this is a normal evolution of the production process throughout the industry.

Consumers should be pleased by the fact that Tesla Motors Inc (NASDAQ:TSLA) pushes innovation forward at an impressive pace for a company in automotive.

“In addition to this D thing, which we’re still not 100% certain what it is, they’re also pushing new features to this sort of high tech iPad-like console that they have in the center on the car, new GPS features, new air suspension features,” stated Edward Niedermeye.

We’re seeing the fact that Tesla Motors Inc (NASDAQ:TSLA)’s vehicles are getting closer to the autonomous cars, which raised expectations among drivers. However, there’s a long way till electronics will be able to drive us safely home and this applies not just to Tesla Motors Inc (NASDAQ:TSLA), but to every other company in the industry. So, it will be prudent not to raise hopes too much on it just to avoid disappointment.

“They want to bring the Silicon Valley excitement to the car industry, but the car industry is just stuck with really long development time. So, there’s only so much that they can push out at a given time. All the eyes are really on Model 3 that’s next generation that’s really going to improve Tesla’s scale,” said Edward Niedermeye.

The above statement mainly implies that Tesla Motors Inc (NASDAQ:TSLA)’s Model 3 will be one of its most affordable cars, allowing the vast majority of people in developed countries to get one. It’s also expected that it will combine the comfort of a Porche or Audi with green power at a price less than $40,000, which should give sales a nice start.

Disclosure: none

Free 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.