Breaking Tesla News Video Includes Model 3 Reality Check, Q1 Sales, Stock Price Record
The news this week from Tesla, Inc., is all positive. Our source is Alex Guberman, three-time Tesla owner and the host of Tesla Everything on Youtube. Alex begins his weekly report with a reality check from Elon Musk. Musk says that the Model 3 may be over-hyped in comparison to the Model S. Watch the video for more details on how Elon Musk views the Model 3 and Model S in comparison.
Next up, Alex discusses Tesla Q1 production and sales. Tesla reports that its Q1 sales were up a whopping 69% in Q1 compared to the same period last year. While we are sure that is true, Tesla Model S sales were down in the U.S. market in Q1. An odd set of facts. Does this mean the Model S market in the U.S is softening? Are Elon Musk's comments supporting the Model S in comparison to the Model 3 related to this?
Tesla's stock has hit an all-time high. Alex, like many outlets reports that means that Tesla's "value" now exceeds that of many big-name automakers. We have to disagree. A company's value is not singularly defined by its market capitalization. Its brand has immense value, its infrastructure and inventory and its proprietary intellectual property adds even more value. Still, investors see huge value in Tesla, and that is not in question.
Check out the details in Alex's video and be sure to subscribe.