Analysts recently unveiled a problem that the automobile and overall technology purveyor mays tumble in the coming future. The continues endeavor of the company to strive for greatness and more technological feats is looking to be an alarming move as analysts worry on Tesla’s future finances with more and more reports revealing pricier steps in the future.
The recent news from the company revolves around a new electric semi-truck, which is a big leap from what Tesla usually produces; and the other one is the auto company’s newest sports car which will feature every bit of technology their modern electric cars have.
The massive production from the company’s current line-up of cars and with their coming semi-truck and roadster, Tesla is looking to have a financial outburst in the coming years; and this is what exactly puts analysts on an uneasy situation.
On their most recent lunch party for their electric semi-truck, Elon Musk, CEO of Tesla, teased the guests and the whole market with the unveiling of the company very first sports car/roadster. According to Musk, the roadster will be the first of its kind and will surely beat the competition while boasting a tag of being the fastest production car available.
Musk noted that “The point of doing this is just to give a hardcore smackdown to gasoline cars,” and he also jokingly mentioned that “can transform into a robot, fight aliens and make one hell of a latte”. On the other hand, the analysts are noting that the whole semi-truck venture is looking to be a distraction rather than the traction they hoped.
The first iteration of the roadsters are looking to hit a 1,000 production limit and are currently priced at $250,000, the later models will then be available for $200,000. This method is looking to be the company’s plan for a steady cash flow; the total amount they could garner would be a total of $250 million.
On Tesla’s most recent third quarter, the auto company reported that they spent a total of $1.1 billion and is still expecting another $1 billion worth of total spending this quarter. As far as reports go, the company’s cash and cash equivalents from September was at $3.5 billion.
An analyst from the financial service provider Cowen, Jeffrey Osbourne mentioned that “In essence, all last night’s event did be add to Elon Musk’s shopping list of things he needs to spend money on at a time when the company is having difficulty making its base vehicle (Model 3),”
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