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0.00121365871879478 0.00174313640042334 0.00199215588619823 0.00199215588619823 0.00199215588619823 0.00199215588619823 0.00199215588619823 0.00199215588619823
Stock impact report

UBS repeats: Tesla will lose money on $35,000 Model 3 [CNBC]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: CNBC
show chapters Buyers waiting for that long-promised $35,000 Tesla Model 3 sedan probably shouldn't hold their breath. After recently pulling apart a Model 3 and comparing its quality and estimated costs with two competitors, UBS analyst Colin Langan said he thinks Tesla will never be able to make money at the $35,000 the company originally planned to charge for an entry-level model designed for the masses. This car needs to sell in the low $40,000's to break even, and I think they're a long way from the 25 percent growth margin target, unless they can sell it well over $50,000 Langan said on CNBC's Power Lunch Tuesday. UBS hired a team of engineers to pull apart three different electric cars to compare their technology and production costs: a new Tesla Model 3, a 2014 BMW i3 and a 2017 Chevy Bolt. The team examined a $49,000 2018 Model 3 and were crazy about the powertrain, highlighting next-gen, military-grade tech that's years ahead of peers, L Show less Read more
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