Is Tesla Really Worth It?

Tesla is a technology and independent automaker company that has cornered the market in the electric car industry says CEO Elon Musk. "Tesla was founded in 2003 by a group of engineers who wanted to prove that people didn't need to compromise on power and quality to drive electric and they can actually be better, quicker, and more fun to drive than gasoline" (2018). In 2008 Tesla unveiled the Roadster with cutting edge technology and power train changing the premium all-electric vehicle market forever. The Model S which is the most popular model of the Roadster has become the best car in its class for every category. With Tesla on the rise the company had decided to increase production estimating a total of 500,000 cars being put out by 2018 alone.

While Tesla seems like a great company from the outside, if you we're to shift your attention to their annual report and future estimates it would tell a different story. Tesla is relying on the model 3 to make a come back this year. So far out of the 500,000 cars that Elon Musk promised they were putting out are at 450,000 which is an estimated 2,300 cars made per week. Tesla's answer to reducing their profit loss for the third quarter is to increase to 2,500 cars per week to reach demand.

After completing an future stock analyst report I have come to the conclusion that Tesla who was nicknamed Gigafactory might not being doing as well as they had planned. Tesla seems to be on the verge of a huge downfall with future share prices of around $13.91 which is very far from where it is floating in the market at a comfortable $300 respectfully. Now these are just future projections from the average rates of prior years as well as inside info from expert's in Tesla's future division department.