Tesla Motors Inc (NASDAQ:TSLA) is one of the most innovative and exciting companies on the market. Since the company’s first quarter earnings report was published earlier in May, the firm’s shares have risen by more than 50 percent, and analysts have begun waging a war to see who can give the firm the highest price target. Across the internet today, however, there seemed to be a concerted effort to bring the company’s reputation back down to earth.
Over at CNN, Michael Harley of Autoblog.com disputed the characterization of the Tesla Model S as the best car ever built. Though Consumer Reports gave the firm’s landmark electric vehicle 99 out of 100, Harley argues that there is no basis for calling it the best car out there, because people need different cars for different functions and lifestyles.
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More
If you live in Wyoming for example, Harley says, where there are no quick charge points for the electric car, or North Dakota, where there are only two super charge points, owning a Tesla Motors Inc (NASDAQ:TSLA) Model S is probably not the best option. There are other situations, for people who regularly drive long range for example, that make owning a Model S less than perfect.
Over at Discovery.com, Eric Niiler looks at the Model S in a similar vein, so although the Tesla Model S isn’t perfect, and there are few who think it is, it is still an incredibly disruptive force in the auto industry. The problems with the car, including its range, its regional difficulties, and its price, are all first generation problems.
Nobody is expecting the Tesla Motors Inc (NASDAQ:TSLA) Model S to become the biggest selling car in the world, nobody is even expecting it to become a really common car. That’s not why investors are excited about Tesla Motors Inc (NASDAQ:TSLA). Investors and analysts see that Tesla has been able to make a profit while providing an incredible product. They also see that there is much more demand in the EV market than people thought, and that demand was engendered by Tesla, rather than being taken advantage of by the company.
Over at BusinessInsider, Rob Wile takes an interesting look at those who have doubted Tesla Motors Inc (NASDAQ:TSLA) in the past and what they got wrong about the company. Tesla Motors Inc (NASDAQ:TSLA) faces huge challenges in the future, and the Model S isn’t perfect. However, it is better than anyone ever expected, and enough to propel the firm forward for years to come.