Market Overview

Chowdhry: Tesla Competitors Are 'Destined To Fail'

Chowdhry: Tesla Competitors Are 'Destined To Fail'
Related TSLA
Todd Gordon's Tesla Hedge
Was Mark Fields Given Enough Time To Lead Ford? Cramer Doesn't Think So
Gigafactories Europe: What Does It Mean for Tesla? (GuruFocus)
Related FCAU
Benzinga's Option Alert Recap From May 16
The Real Winner Of The Kentucky Derby
The Vetr community has downgraded $FCAU to 4-Stars (Vetr)

Global Equities Research’s Trip Chowdhry believes that competitors of Tesla Motors Inc (NASDAQ: TSLA) are destined to fail.

Analyst Trip Chowdhry quoted Sergio Marchionne, CEO of Fiat Chrysler Automobiles NV (NYSE: FCAU), as saying, "If he can show me that it can be done, I will do it as well, copy him, add Italian style to it and put it on the market within 12 months," and added that this statement highlighted the current state of mind of Tesla Motor’s competitors.

Related Link: General Motors To Tesla: We're Coming First

Competitors Can’t Match Tesla Motor’s Strengths

Chowdhry pointed out that Fiat Chrysler Automobiles intends to take a year to copy Model 3 from Tesla. He wrote, “This executive foolishly believes that he will have enough time to Wait and See...then Copy Tesla Model 3. He completely ignores the fact that by that time, TSLA would have already Obsoleted Model 3.”

Model 3, the new mass-market sedan being launched by Tesla Motors, has already received over 400,000 reservations. The company’s strengths include its focus on efficiency and range, performance and handling, besides building attractive looking vehicles.

Posted-In: Global Equities Research Sergio Marchionne Trip ChowdhryAnalyst Color Top Stories Best of Benzinga


Related Articles (TSLA + FCAU)

View Comments and Join the Discussion!