Tesla (TSLA) stock slides on Goldman Sachs predicting Model 3 delivery miss

[FarCenter]

With the end of the quarter nearing, industry analysts are all looking at Tesla’s Model 3 deliveries and today, Tesla’s stock tumbled in early trading after Goldman Sachs predicted that the automaker will not deliver on its previously announced Model 3 delivery target.

In a note to clients today, Goldman Sachs David Tamberrino wrote about Tesla:

“We believe the company is tracking below its 2018 Model S/X guidance of approx. 100k units (an implied 25,000 per quarter). Further, while monthly Model 3 deliveries are showing sequential improvement, we estimate that they will fall well short of consensus expectations.”

https://electrek.co/2018/03/19/tesla-tsla-stock-slides-goldman-sachs-model-3-delivery-miss/

Tesla -- The DeLorean of tomorrow.

[Tikki]

1. Maybe where you live...theyre all over the place here. The 3s will be out.

and will be loved by their owners.

If you think gas prices will dip significantly in the future...no.

Tikki

[Squinch]

2. Seems like a good opportunity. I wish I had some money lying around.

[Adrahil]

3. "The DeLorean of tomorrow" - WTF?

Musk is not without his faults, but he IS putting money where his mouth is on EV tech. and investing in the tech to make it happen. WE should be supporting that, not snarking on it.

We need MORE businessmen with vision. What he is doing could change the face of transportation tech in the USA.

[VMA131Marine]

4. DeLorean? Seriously?

DeLorean built 8,583 DMC-12 cars over 3 model years 81-83. It was a car for a niche market and the company was badly managed.

Tesla has built 2500 Tesla Roadsters, 200,000+ of the Model S, 72,000+ of the Model X, and there are over half a million reservations for the Model 3 with 1,875 delivered in Jan 2018. Is it taking longer to get Model 3 production problems ironed out than predicted: certainly. But this model represents a major scale up in production and some growing pains are to be expected. Tesla has already achieved far more than DeLorean ever did.

[FarCenter]

5. OK, maybe more like Henry J Kaiser