Tesla Analyst Draws Parallel Between Model 2 And Apple's iPhone: 'Game Changer That..... Will Crush ICE Viability'
Portfolio Pulse from Shanthi Rexaline
Gary Black, Future Fund Managing Partner, believes Tesla's potential $25K Model 2 could be a game changer, similar to Apple's iPhone, and could lead to the capitulation of ICE competitors. He suggests the Model 2 will be a high-quality, mass-producible EV at a profit, which could crush ICE viability. Tesla's volume has decreased this year, and a cheaper, high-volume car like the Model 2 is seen as necessary to boost sales and protect margins. Ron Baron, a Tesla bull, predicts Tesla will build its $25,000 EV within 18 months. Tesla's stock was slightly up in premarket trading.
November 13, 2023 | 11:08 am
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POSITIVE IMPACT
Tesla's potential $25K Model 2 is anticipated to be a significant market disruptor, potentially increasing sales volume and market share, while the stock shows a slight uptick in premarket trading.
The anticipation of the Model 2 as a game changer could generate positive sentiment among investors, potentially leading to an increase in stock price in the short term. The comparison to the iPhone suggests a transformative impact on the industry, which could bolster investor confidence in Tesla's future prospects. However, the lack of a committed timeline for the Model 2's launch introduces some uncertainty.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100