Home >> News >> Tesla upgrades unsatisfactory to the crowd; stocks fell by 7%

Tesla upgrades unsatisfactory to the crowd; stocks fell by 7%


With the launch of the upgraded versions of Tesla Model S sedan class cars, Elon Musk might consider that he has hit the spot. But sadly, the finale does not seem to be as expected. It is undoubted that the upgrades provided to the Model S sedans, Tesla Motors has jumped into a complete different sphere of manufacturing Sedan class cars, but right after the launch, the company saw one of the worst falls of recent times. The tweet made by Elon Musk last week teasing about the unveiling of ‘D’ and something more as well, created a huge hype, but Tesla Motors probably could not capitalize on the high tides.Tesla upgrades unsatisfactory to the crowd as stocks fall by 7%

The tweet made by Elon Musk about the unveiling of ‘D’ and something else created a hype similar to what gripped the market concerning the launch of iPhone 6 and iPhone 6+. A lot of people were actually expecting a brand new line of sedan class cars. Some on the other hand, wished that Tesla would take the bold step and take the initiative to bring ‘self driving’ cars in the market. Sadly, nothing of similar sorts happened.

<

Instead of the new line of cars, Elon Musk offered vehicles with different upgrades. The different variants offered by Tesla Motors include 60D, 85D and P85D. The added features include all wheel drive with dual motors, slight changes in the design and improved performance on a single charge. The P85D variation of the Model S sedan also comes with an insane mode where the vehicle reaches 0 to 60 in a meager 3.2 seconds, making it one of the fastest sedans of the world.

But this has not done a lot to impress the men at Wall Street. The tweet by Elon Musk had created quite a few expectations which in turn boosted the stocks up by 6%. But after the event, the crowds clearly showed their dissatisfaction when the stocks fell by more than 7%. It will be interesting to see how Mr. Musk and Tesla Motors react after the downfall.

Source ]


About Wayne Murphy

wmurphy@thenextdigit.com'
Writer and specialized in Mobile Phones (iOS, Android, BB etc), who was with the TND team since it's inception. Other than Blogging, he is also pursuing his graduation on Business Management at CA, California University. All posts by Wayne

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /home/nitin198/public_html/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1273