Tesla Needs Billions Of Dollars To Continue Supercharger Project, Is It Feasible?
According to a recent article that was spiraling online, UBS analyst Colin Langan has predicted that Tesla will have to invest up to another additional $8 billion in its network of high-speed charging stations. However, this will just be in the U.S. alone, if it truly intends to make recharging a car as convenient as filling up the gas tank.
The article has further quoted Langan's research note, stating that "geospatial imaging of the U.S. suggests that Tesla will have to add about 30,000 new superchargers in order to compete with the network of gas stations all across the country, at an estimated cost of $250,000 per station."
About Langan's Predictions
Langan is a known bear on Tesla stock, yet there haven't been any comments towards Langan's motivations behind the data and analysis on Tesla. But according to Clean Technica, "Langan's latest note reiterates a sell rating on the stock, with an estimated $160 price target. Tesla shares were recently trading at $250.56 on Friday afternoon, March 3, 2017."
The Drawback With Langan's Prediction
Many analysts believe that there are a lot of things wrong in Langan's Picture. Langan's model and assumptions are similarly flawed much like those that have been made way back in 1998-1999, during the dotcom bubble.
Langan's Prediction Is Flawed
Many analysts also believe that projections much like Langan's are a spreadsheet exercise where the math is not the true problem, but the underlying assumptions actually possess little basis in reality. This simply means that Langan's projection, though a possibility, is extremely hard to be incorporated into reality.
Tesla's Money-Spending Situation
According to Barron's, Tesla needs to spend a lot of money in order to keep growing as a super power company. It currently has the upcoming Model 3 launch, the build out of its GigaFactory, and energy storage business, as well as plans for more cars which includes a possible pickup truck. Tesla has a lot of plans for its future, which is why it needs to spend a lot of money in order for this aspiration to come to fruition.
Tesla's Risky Shift From Car Manufacturer To Revolutionary Tech Company
Tesla is indeed experiencing a downturn of events as its stocks have just plummeted. Now, its shift into becoming a revolutionary tech company is said to be the reason.
Tesla Stocks Decrease By 5% Due To Possible 'Model 3' Delays
Tesla's new 'Model S' is one of the most anticipated upcoming electric cars of the year. However, it is likely that its release would be delayed. Because of this, Tesla's stocks decrease by 5%.
Tesla Enters New Zealand, Elon Musk's Ambitious Global Dreams Explained
Tesla has expanded yet again after they have recently opened in New Zealand. They have also held a special launch event that features the first eight electric cars being given to its owners. Tesla is also looking forward to making an impact in NZ's electricity issues.
Faraday Future To Build 10,000 Cars Per Year In New Hanford Factory
Faraday Future has leased a former tire plant in Hanford, California.
Tesla Model 3 Delivery Started, 30 Telsa Employees First To Get Hands On
Tesla Model 3 deliveries started on July 28 and 30 employees from Telso got the car keys.
MORE IN ITECHPOST
Why SEO Isn't Working Well for Your Brand
Generating organic traffic through SEO is a standard business strategy. Some businesses even resort to a professional SEO agency to do it.
A Cosmic Phenomenon: Discovery Of Connection of Energy Within A Galaxy Sparks Excitement To What Other Secrets It Could Lead To
An unprecedented event has been discovered in the radio galaxy named ESO 137-006 showing bizarre new thread-like appendages that connect the lobes of plasma within the cosmic entity.
Valorant Won't Kill Fortnite: Tfue Explains Why
A certain twitch streamer by the name of Tfue has just recently tried out Riot Games' Valorant explaining to his followers that the games do not cater to the same audiences.