Shares of
Tesla MotorsTSLA 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.
Musk wasn't done yet. Shortly after, the billionaire Tweeted again:
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TSLATesla Inc
$345.873.53%
Edge Rankings
Momentum
93.67
Growth
45.26
Quality
85.33
Value
8.66
Price Trend
Short
Medium
Long
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