The auto making giant is working right on schedule and is all set to release its new Model X on Tuesday, September 29.
Tesla Motors is all set to make the much awaited big release of its Model X car, which is to take place on Tuesday, September 29. The auto making giant first announced the car’s idea three years back in 2012 and as per the repeatedly changing schedule and launch date, the firm has finally come around to make the big release. The delays made during the car release have taken place in the past due to many problems that were faced by the giant. The price tag with which the new model will be available is going to be around $40,000, which is also being taken as a step by the giant to enter the auto market for the masses.
Tesla cars have previously been entirely set for the elite class of the society, as the price tag the electric vehicles carry is a little too difficult for the middle class man to afford. The company is comfortably known to be setting its standard way too high, first making itself entirely for the high end customers and now is working towards hitting the masses as well. This is going to be carried out by the giant through an electric car, which will be made in to an affordable car for the customers. Analysts believe that this is just an attempt by the company to make sure more and more EVs reach the road in near future, so that the firm can reach its target of scoring the highest number of electric hybrid cars on the roads by 2020.
Given the different issues Tesla has so far faced regarding the launch of the new Model X, now the expected delivery of the smart cars will be done next year by the month of February. The auto company has decided to deliver out the first cars of the models to limited customers who have signed deals with their signature reservations. These deliveries will be made right before the third financial quarter of the year ends. Another thing to be noted down is that all the customers with the signature deal were given the liberty to choose from different colors and also decide on the kind of interior that they would want to get for their new electric car. Furthermore, it will be seen that apart from the Model S project that the firm is carrying out, the price of the Model X cars will be higher than even Model S sedans, which is entirely due to the high end design and structure that the company is going to offer to its customers.
The auto making giant has so far fallen by around 5.68 percent on the stock index since the commencement of the new fiscal year.
Fords Motors has recently shown a massive change in the stock index which is being taken as quite a positive activity coming from the auto giant which was previously facing a very difficult time in the market.
The economic downfall which was faced in China affected the auto companies all around the world in a very negative way and the auto company was one of the firms which faced a very low share price throughout the downfall in the Asian region. However the smart car maker has shown a lot of strength on the index lately which has brought about a bullish behavior of the analysts towards the company.
Auto makers in the United States has always been on the way to enter the international markets as well, as that not only increases popularity but also improves business and sales on a great level. As for Fords, the records show how the firm is already working quite efficiently in the global markets and countries like Brazil and China are where the giant is quite established in. This is one of the major reasons why the Chinese economic fall put such a bad effect on the stock of the luxury car makers in the first place.
Last month, Fords stock touched new lows by falling a massive 7.48 percent on an overall basis, while the stock decreased by around 8.9 percent on the S&P 500 alone. Another thing to be kept in mind is that the auto company was not the only one which went down on the stock by such a huge difference as other auto giants of the country also faced similar situations. Currently, the investors of the firm have shown that they do have a lot of faith in the auto firm’s stock but still have chosen to trade with caution in the near future.
The short interest of the firm, on the other hand, has gone up by a colossal $8.7 million which resulted in the total short interest shares to reach a value of $101.57 million. As for the ratio of short interest trade, the numbers have come out to be at 2.91 by the end of the last month, from a ratio of 4.36 which was noted down just a couple of weeks before. The firm has been carrying out trading volume with 34.89 million shares which was recorded at 21.30 million shares two weeks before the month ended. Nine months into the year and the auto company has lost around 5.68 percent on the S&P 500 so far.
The auto making giant has done a survey which shows how much the electric car users seem to be satisfied with the new technology and do not wish to go back to fuel driven cars again.
Fords Motors has recently ran a survey to know how much the electric vehicle users seem to be satisfied with the new technology that they are being offered with by the auto-making giant and the results that were received turned out to be quite satisfying.
According to a review article published by PlugsInSights, it was seen that the electric car culture is slowly becoming quite a favorite one of the users which shows that the industry has got a lot of potential for future projects as well. The analysts believe that this survey has not only helped Fords to know the future of the smart hybrid cars, but it has also proved to be something that Tesla Motors just needed to know.
The result of the research that have come around shows that most of the EV users and drivers have shown to be positive about their smart cars and believe it to be a better experience that the one they had when driving manual gas driven cars. To be more specific, out of all the electric and hybrid car drivers, around 92 perfect has shown interests in buying another EV in the coming years as the electric battery experience for them was one of the kind.
It is not a hidden fact that all around the world, the increasing use of electric vehicles has shown how much the customers seem to be liking them over the usual cars and more and more seem to be choosing an EV over a gas driven one every day. Some analysts believe that the fact that so many other auto makers in the industry are working towards production of an electric car could result in an increasing pressure on Tesla; the company which initiated the manufacturing and designing of the electric cars in the first place but little do some analysts know that the firm has always aimed for a society that uses electric cars more than the fuel driven cars and to it, it does not matter who is producing them.
Elon Musk’s firm expressed how it wishes to have around 500,000 electric cars on the road by the time its 2020 and if things go according to plan, and more and more firms are seen releasing their own electric car, it is expected that the electric car engine initiators might actually end up achieving their target.
Tesla seems to be on top of the game but for companies like Fords, the green vehicle that the auto giant is manufacturing might end up being dominated by Model S of Tesla’s which has received massive support and popularity since the time it was launched.
