Tesla Stock
Model 3 to Make or Break Tesla Inc in 2017
The year 2016 was when Tesla Inc (NASDAQ:TSLA) started taking steps to transform itself into an energy company. After the acquisition of SolarCity Corp (NASDAQ:SCTY), the company—known then as Tesla Motors Inc—formally changed its name to Tesla Inc, signifying and communicating this change. And so far, it has been good for Tesla stock.
Tesla Inc enters 2017 as the world’s only vertically integrated sustainable energy company that provides end-to-end clean energy products, including generation, storage, and consumption. The company not only sells fully electric vehicles but also installs, operates, and maintains solar and energy storage products. The potential for these energy products has helped buoy TSLA stock in the new year.
The year 2017 may be a make or break year for Tesla Inc, for the simple reason that its highly anticipated electric sedan, the Tesla “Model 3,” which is aimed at the mass market, shall hit the roads in the second half. The Tesla stock price has been gyrating to the tunes of Model 3 optimism or pessimism and the situation is likely to continue this year as well.
Moreover, all eyes are also on how strong solar roof demand turns out to be when production starts in the second half of the year, and what the cost advantages will be for customers.
Moreover, the “Gigafactory” has started producing batteries, which would be used for the Tesla “Powerwall” and “Powerpack,” as well as the Tesla Model 3. Investors are looking forward to accelerated demand for the company’s energy storage products, which could be a great boost to TSLA stock in 2017.
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