The Tesla charade continues. After shares of the budding automaker recently tanked, they’re up today to levels not seen in months. Traders must be loving the volatility. Investors, less so.
This week there’s been BIG news in the world of Elon Musk’s Tesla. That’s because the company has announced via invitation that it will be showing off the eagerly anticipated Model 3. For those of you not in the loop, the Model 3 is the BMW 3-Series fighter.
2016 New York Auto Show Preview
Now that the Model S has seen tremendous success and the Model X is out and off to the races, the Model 3 is the car that will scale out TSLA’s product portfolio when it comes to volume. It’s a big deal and may mean the demise of the 3-Series’ days of running the entry-level luxury sales game.
According to reports the Model 3 to be unveiled will not simply be a concept car or a clay model. There will be a drivable prototype on site.
Of course we have to ask given the pressure placed on the company to deliver the Model 3 if this is the real deal or merely one of Elon Musk’s elaborate games. There’s two things we know: 1) Musk is excellent at working the crowd and is a master of distraction, and 2) General Motors does the same thing except it is terrible at it.
So, we ask you, the Spies: is the Tesla Model 3 reveal ANOTHER game or the REAL DEAL?
2016 New York Auto Show Preview
Read Article