We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
On Friday, shares of Tesla Inc. (TSLA - Free Report) are gaining, up around 2.3% to $260.77 per share in midday trading after CEO Elon Musk went on a tweetstorm early this morning, sharing the first video of the upcoming Model 3 electric car.
While the short video clip doesn’t show us anything new, as investors, car enthusiasts, and the thousands of individuals who have put down payments on the Model 3 already have a clear idea of what the vehicle looks like, Musk is known for hyping up Tesla fans.
He went on to clarify the positioning of the Model 3 in relation to Tesla’s Model S. The Model 3 should not be thought of as the “next version” of Tesla, like Apple Inc. (AAPL - Free Report) going from the iPhone 2 to the iPhone 3, but as a “smaller, more affordable” Tesla; the Model S will always be the Tesla with “more advanced technology.”
Am noticing that many people think Model 3 is the "next version" of a Tesla, like iPhone 2 vs 3. This is not true.
Musk also replied to a many current and potential Tesla customers about what they can expect from the company in the near future. Apparently, the first Model 3 cars will all come with rear-wheel drive, and that all-wheel drive and dual-motor versions of the Model 3 will come six to nine months after initial launch. Performance versions, however, can be expected “probably a year from now.”
The Model 3 will have a single screen that combines instrument cluster and infotainment information in one place. Musk said that its Model S will remain the fastest Tesla until the company’s next-generation Roadster is released, though he said that vehicle is “a few years away.” He also mentioned a Tesla semi-truck that could beat sports cars from zero to 60 mph, and that Tesla and SolarCity will begin taking orders for its solar roof product in April.
Interested in the other top stories of the week? Listen to Zacks Friday Finish Line to catch up on the week’s financial and investment news.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why Tesla (TSLA) Stock is Gaining Today
On Friday, shares of Tesla Inc. (TSLA - Free Report) are gaining, up around 2.3% to $260.77 per share in midday trading after CEO Elon Musk went on a tweetstorm early this morning, sharing the first video of the upcoming Model 3 electric car.
While the short video clip doesn’t show us anything new, as investors, car enthusiasts, and the thousands of individuals who have put down payments on the Model 3 already have a clear idea of what the vehicle looks like, Musk is known for hyping up Tesla fans.
He went on to clarify the positioning of the Model 3 in relation to Tesla’s Model S. The Model 3 should not be thought of as the “next version” of Tesla, like Apple Inc. (AAPL - Free Report) going from the iPhone 2 to the iPhone 3, but as a “smaller, more affordable” Tesla; the Model S will always be the Tesla with “more advanced technology.”
Musk also replied to a many current and potential Tesla customers about what they can expect from the company in the near future. Apparently, the first Model 3 cars will all come with rear-wheel drive, and that all-wheel drive and dual-motor versions of the Model 3 will come six to nine months after initial launch. Performance versions, however, can be expected “probably a year from now.”
The Model 3 will have a single screen that combines instrument cluster and infotainment information in one place. Musk said that its Model S will remain the fastest Tesla until the company’s next-generation Roadster is released, though he said that vehicle is “a few years away.” He also mentioned a Tesla semi-truck that could beat sports cars from zero to 60 mph, and that Tesla and SolarCity will begin taking orders for its solar roof product in April.
Interested in the other top stories of the week? Listen to Zacks Friday Finish Line to catch up on the week’s financial and investment news.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>