Tesla Motors Inc Deemed To Strong To Be Beaten By Any Other EV Maker For Now

The electric car maker is all set roll out its battery pack with a boom in the market which is going to make sure that the stock of the firm remains stronger than ever for a long period of time. The famous electric car maker, Tesla Motors, has already been covered in the news enough times to know that the firm is working on building up a Gigafactory to produce lithium-ion batteries, not only to be used in its cars but also in households to conserve energy and save on electricity bills. News suggests that once the production of batteries starts properly, the electric vehicle producers will be helping the battery users by lowering down prices of individual prices by a huge difference. It could even end up lowering prices by a massive seventy percent by the time these batteries are available in the market. However, all the factors which could supposedly be helping the auto company to lower down the electric batteries are not only related to the economies of scale, but they are also majorly influenced by the improved technology that the firm is seen to be using to produce these batteries in the first place. According to Jefferies’ analyst Dan Dolev, Tesla is believed to be performing just fine lately which is why a price target of $365 has been granted to it by the firm believing it to have the potential to turn tables in not only the auto industry but also the battery making business which has already given a lot of reasons for the firm to step into the venture in the first place. The same analyst is also of the opinion that since the firm is producing these batteries on a huge level now, it can be predicted that in a little while only the giant brings down the price of a pack of batteries from the alleged $250 per kWH to a shocking $88 per kWH. Dolev has also repeatedly said that the luxury car maker is also working towards making these battery packs as widespread as ever which is why the prices are expected to fall on such a huge level. On the other hand, analysts are considering this statement of Jefferies’ analyst and are discussing how the hybrid car maker can end up going up on the gross margin by an eminent difference by the year 2020, which is also the year that the firm has aimed to get a really high number of electric hybrid cars on the roads. On the other hand, if the gross margin of the firm is improved, this will provide the giant a whole new chance to make sure that the Model 3 EV, which is to get released in a couple of years, to be carried out without a problem.