Tesla Shares Will Drop By 30 Percent In Next 6 Months Due To Model 3

Posted: Mar 20 2018, 9:16am CDT | by , in News | Cars & Vehicles

 
Tesla Shares will Drop by 30 Percent in Next 6 Months due to Model 3

Due to Poor Model 3 Deliveries, Tesla Shares will Drop by 30% in the Next Couple of Months

Tesla is facing a time of troubles. Its Model 3 is undergoing some teething troubles which have led to the stocks of the company taking a downward spiral. Wall Street has the record for the public to peruse at leisure. Model 3 shares will take a nosedive and lead to problems for Tesla.

Although in the beginning, the Model 3 deliveries showed a remarkable improvement, now they are falling short of the expectations set by Elon Musk and the rest of the head honchos of the company.

This slowness and laziness in delivery rates will badly influence the work ethic of the company and lead to a tarnishing of its image. As everybody knows a genius like Elon Musk wouldn’t want this to happen.

Already the shares have plummeted by 2.4% on Monday, according to CNBC. The Model 3 deliveries are down to 7000 instead of the ambitious target of 13,800. Things are not going the way they ought to be.

The company is looking forward to rectifying this SNAFU in its manufacturing base. The chassis, body and final assembly lines will have to be revamped for the better. This of course will take time.

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