Will the Launch of New SUV Change Hedge Funds’ Sentiment Towards Tesla?

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Given that Tesla is scheduled to produce 50,000-55,000 vehicles versus General Motors’ 9 million+ vehicles this year, Elon Musk and his company need to execute well to deliver an upside for shareholders. There is some potential, however, as the transportation market is worth a trillion dollars and is in a need of disruption as global warming becomes more serious. Elon Musk is widely regarded as the world’s best CEO and Tesla shares have additional upside if the company executes in the battery and ride sharing sectors as well (see article). For now, the market is firmly fixated on the launch of the Model X. Any glitch or good news concerning the SUV will affect Tesla’s stock substantially.

Disclosure: None

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