If You Invested $1,000 In Tesla When Deliveries Of Original Model 3 Began In 2017, Here's How Much You'd Have Now
Portfolio Pulse from Shanthi Rexaline
Tesla has launched its Model 3 refresh, codenamed Project Highland, in Europe, with deliveries expected to begin soon. The Model 3, Tesla's first mass-market model, was initially launched in 2017 and quickly became a top seller. Despite early production and financial challenges, Tesla derived much of its volume from the Model 3 until the launch of the Model Y SUV in 2020. The refreshed Model 3 has a 12% higher range than the original and 50% new parts. It is also 2-12% more expensive. A $1,000 investment in Tesla in July 2017 would now be worth $12,360.
September 01, 2023 | 10:10 am
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POSITIVE IMPACT
The launch of Tesla's refreshed Model 3, with improved features and higher price, could attract new customers and boost sales. However, the higher price could also deter some potential buyers. The company's stock has provided significant returns since the original Model 3 launch in 2017.
The launch of a refreshed product typically generates interest and can lead to increased sales, which would positively impact Tesla's stock. However, the higher price of the refreshed Model 3 could deter some potential buyers, which could limit the positive impact. The historical performance of Tesla's stock since the original Model 3 launch indicates a strong potential for continued growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100