Last week Tesla was pumped to announce it's all-new financing opportunity that was said to be a groundbreaking move for the automaker. Perhaps it should just stick to innovating its well-received Model S?
Wall Street analysts are beginning to corner Tesla and get down to brass tacks when it comes to this new financing offer.
Though Elon Musk pumped up the hype nearly two weeks ago by saying that the company had a big announcement, it seems that its reception has fallen a bit flat. Shares of TSLA took a bit of a lump on the skull Wednesday and ended the week trading sideways.
There's good reason for that as analysts have pointed out Tesla is using — how should we say — "creative accounting," to achieve its claim that a mid-range Model S can be had for a $500/mo "true net out of pocket cost."
Tesla Motors Inc. (TSLA), the maker of electric cars led by billionaire Elon Musk, declined the most in more than a month after analysts questioned whether a new lease- style financing offer will boost demand for the company’s Model S...
...“Although Tesla characterized the financing program as ‘revolutionary,’ it is similar to a car loan with a buyback option,” Elaine Kwei, an analyst at Jefferies Group, wrote today in a report...
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