Elon Musk tells disgruntled shareholders: buy Ford

Apr 15, 2017, 02:53
Elon Musk tells disgruntled shareholders: buy Ford

In a recent announcement, the billionaire revealed that his company would be producing Semi trucks as well.

"We believe the Tesla Semi will deliver a substantial reduction in the cost of cargo transport, while increasing safety and making it really fun to operate", he said then. The Tesla CEO did add that the company's engineers have done an "amazing job" on it and that the vehicle is "seriously next level".

"More so than any stock we've covered, Tesla engenders optimism, freedom, defiance and a host of other emotions that, in our view, other companies can not replicate", Potter said in an analysis.

Musk previously had indicated that the semi truck was coming and that it likely would have some autonomous-driving features now included in Tesla's passenger cars. Ars reached out to Tesla, which said there were no other details to share at this time besides what was in Musk's tweets.

Tesla already builds the Model S sedan and Model X sport utility vehicle. This visionary tweeted, "Pickup truck unveil in 18 to 24 months".

That said, a market cap at Tesla's level signals an huge level of investor confidence in Tesla's future execution. He offered no other details about the semi, such as whether it will be equipped with Tesla's partially self-driving Autopilot mode.

By the way, do you remember when Musk teased that they are working on a next generation of Roadster sports vehicle?

Back in March, Musk posted a video on Twitter of what he teased as a candidate version of Model 3.

Tesla, which is run by billionaire Elon Musk and based in Palo Alto, Calif., plans to debut its Model 3 this year. Recently, he confirmed that Tesla Model 3 unveiling will happen sometime in July.

Tesla's valuation rose after Piper Jaffray analyst Alex Potter on Monday upgraded Tesla's stock from a price target of $223 to $368.

Earlier this month, Tesla passed Ford Motor Company and General Motors in US market value.

Shares of Tesla (TSLA - Free Report) saw a nice mid-afternoon pop on Thursday, eventually closing out the day more than 2.4% higher.