Shares of Tesla Motors TSLA dove lower on Wednesday after analysts at Morgan Stanley speculated the company's Model X vehicle is facing difficulties with its double hinged doors.
The analyst, Adam Jones, entertained the possibility that Tesla may choose to “ditch the doors” which may result in a re-engineering of the aluminum body.
"If door execution were to prove very challenging, we would expect Tesla to make every effort to preserve them with as much of the primary functionality as originally conceived, even at a potentially higher expense to the company or a higher end-price to the consumer,” Jones wrote. “This may seem superficial, but we see the doors as an extremely important selling point for the Model X – one that we believe ranked very highly in the minds of Tesla engineers and consumers."
Elon Musk, Tesla's CEO defended his company on Twitter.
Market News and Data brought to you by Benzinga APIsRumors about canceling Falcon wing doors are false. At Tesla, the production car will always be better than the show car.
— Elon Musk (@elonmusk) November 19, 2014
Musk wasn't done yet. Shortly after, the billionaire Tweeted again:
Really hate it when companies bring out an awesome show car and then you can never actually buy it. So lame.
— Elon Musk (@elonmusk) November 19, 2014
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in