Despite Tesla's Stock Trading At All-Time Highs, Many Investors Are Concerned

Cornelia Mascio
Aprile 17, 2017

Aside from launching rockets, digging tunnels, installing solar panels, and gearing up for the epic production launch of the Model 3, he also said that we can expect to see the Tesla pick-up truck in 18-24 months.

Last year, Musk announced that Tesla plans to build a new pickup truck, an urban bus, and launch a sharing system of self-driving cars.

The report by car-shopping platform compared the Tesla Model S to a host of other luxury sedans, including the Audi A7, Porsche Panamera, BMW 6 Series and Mercedes CLS. That plans appears to have been pushed back a bit, and will undoubtedly be met with huge expectations.

Tesla Inc (NASDAQ:TSLA) stock shot up by more than three per cent to $312.39 per share in contrast with GM's valued at $33.97 and Ford's which are worth just $11.25 per share. Semi trucks, after all, use a ton of gas, so developing an all electric one could be huge. Tesla shares are now up 52% in the last six months.

"As long-term investors, we want Tesla to succeed and believe that the company will be most effective if it has the benefit of an updated board and some good governance standards in place", the letter said. The addition of a pickup to Tesla's lineup makes sense given the success of the category in the company's home country.

Tesla's boards include Kimbal Musk, Elon Musk's brother; Brad Buss, former chief financial officer at SolarCity; and Steve Jurvetson, Antonio J. Gracias, and Ira Ehrenpreis, all of whom were investors in SpaceX (of which Musk is also chief executive officer).

Tesla, like other companies, is developing a self-driving auto.

That was despite Ford selling 6.6mln cars previous year compared to just 76,000 sold by Tesla. The new Model 3 is expected to sell for around $40,000.

Musk's reputation is such that within the hour, major news outlets were reporting on it, even though Tesla spokespersons decline to comment further.

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