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online spiele: Hi there, You have done a fantastic job. I will d »
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DARPA awards Phase 2 SBIR contract for HEV motorcycle prototype
January 20, 2015 By Neville -
Report: Hyundai to cut price of FCV in Korea to compete with Toyota
January 20, 2015 By Neville -
Nissan LEAF is best-selling EV in Europe for fourth year in a row
January 20, 2015 By Neville -
Ford of Europe designer Stefan Lamm joins VW’s Seat brand
January 20, 2015 By Sean -
Ford’s German production to raise as demand rebounds
January 20, 2015 By Sean
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Tesla: Morgan Stanley cuts Model 3 volume estimates
By TomiKilgore
Tesla Motors’ shares slid 0.6% in morning trade Wednesday, and hit a seven-month low of $192.65 earlier in the session.
This was after Morgan Stanley analyst Adam Jonas cut Model 3 volume estimates and his stock price target to $290 from $320.
The shares are in danger of a sixth-straight decline, and 13th over the past 14 sessions.
During that time, the shares have lost 21%.
Jonas said he now expects total Model 3 deliveries of 297,000 units by 2020, compared with Tesla’s frequently published target of 500,000 units.
Through 2028, Jonas cut his Model 3 volume estimate by 48% to 400,000 units. Jonas said one reason he revisited his long-term volume assumptions is because of the recent progress made in internal combustion engine (ICE) technology.
He has also raised his average-transaction-price estimate for the Model 3 to a range of $55,000 to $60,000 from $40,000, to reflect the increasing likelihood that Tesla will have to cater to a smaller, more affluent customer.