Tesla Inc. (NASDAQ: TSLA) is getting bigger as the time is passing on. A revolution in the electric vehicle industry, Tesla’s technology and products are being praised all around the world.
In a recent post, Philippe Houchois, the Wall Street analyst stated that Tesla has been influenced so much in the past few years that the company has reached a point where it has already become bigger the Elon Musk, the CEO of the company itself.
Talking more about the electric vehicle company, Houchois added that despite that Elon Musk is the face of the company and one of the richest persons on the planet. Tesla Inc. has proved to be a worthy company, especially since the launch of Model 3 series, it has been really applauded as a top-level firm.
One another analyst, Jefferies explained that Elon Musk being the face of the company has done a great job, the electric car manufacturer has already proven the critics wrong and so far, it has been profitable. Many people thought Tesla would struggle with its new technology and it would take time to really kick-off, but Tesla is much mature than the expectations.
The first ever public Tesla V3.0 Supercharger Station would go live Wednesday, 6th March 2019 at 8pm. Moving on, Tesla Inc. (NASDAQ: TSLA) is working on another series, which is named Y, it is a much bigger and broader project than Model 3. As per the statement by Musk:
“Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more and have slightly less range for same battery. Model Y unveil event on March 14 at LA Design Studio.”
Tesla’s has decided to shift its entire sales plan to online system. After the launch of its Model 3, the company will be closing most of its physical stores for the promotion of its online sales model. This would help Tesla to sell its cars all over US, but also provide layoffs to its staff.
This concept of selling cars online is the modern concept, through which firms sell their product online. This is a great step from Tesla because it will be easy for the customers to purchase or order any car. They will have their order on door steps and this is the modern way of purchasing goods, a fast, reliable and easy mean.
If the upcoming project of Tesla Inc. (NASDAQ: TSLA) Model Y hits just like the Model 3, then we could see Tesla getting bigger in the market and the price of TSLA could cross above $400 USD. The key for the company has been, the Model 3 increasing demand in Chinese market. That’s where Tesla Inc. has succeeded as a top firm and if it continues to impress its Chinese customers, Tesla’s future looks bright.