The soon-to-be-released Tesla (TSLA) Model X has a whopping $132,000 price tag. The current Model S P85D starts at $105,000; naturally the Tesla Model 3, priced at $35,000, is a steal... right? I mean, Musk has also given consumers the gift of a two-year pre-order window: not only is he a revolutionary, but he's also a philanthropist, or so the public has been led to believe.
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Why "Cult" Is A Dirty Four-Letter Word
What are the stock market’s most notorious “cult stocks,” and how do we identify them? While most investors consider “cult” to be a dirty four-letter word, the corporations that comprise this category have performed incredibly well over the past years. Whereas previously beloved companies like Yelp and Twitter (TWTR) have fallen 44.1% and 21.1% over the last two years, cult stocks like Ambarella (AMBA), Netflix (NFLX), Tesla (TSLA), Chipotle (CMG), and Amazon (AMZN) have experienced near triple-digit gains.
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Get Ready For The (Tesla) D
The much-anticipated announcement of Tesla’s (TSLA) Model D has come and gone. On October 9th, Tesla CEO Elon Musk took to the stage at Hawthorne Airport to reveal Tesla’s “third” electric car model. Musk, also the founder of SpaceX and Chairman of Solar City (SCTY), enjoys exhilarating vehicles and innovative ideas. His futuristic mindset and unfettered determination have led to the creation of a truly remarkable new vehicle.
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Driverless Cars Not Far Off
Earlier this week, Tesla (TSLA) CEO Elon Musk said that Tesla cars could run on “full autopilot” within the next 5 years. This claim comes much sooner than most experts were predicting, many of whom emphasize self-driving cars won't be commercialized until 2025.
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Tesla's Model E Concept
When one thinks of Tesla (TSLA), he likely envisions luxury electronic cars. Tesla's early Roadster concept and Model S are extremely popular, highly demanded, and super expensive machines (the Model S is the only car with a resale value above its initial purchase price). Thus, it's no secret that Tesla caters to a wealthy clientele.
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Storm On The Horizon
Last month, my colleague, Zac Cherin, covered Tesla Motors CEO Elon Musk’s decision to share Tesla’s technology patents with its competitors. His analysis of the long-term benefits to Tesla — a new market for its batteries, potential allies in lobbying the government, and a chance to share the cost of expanding its supercharger network — over the short-term losses of an exclusive rights to technology was superb.
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Creative Destruction
One of the more interesting ideas to come out of economic and business literature is that of “creative destruction,” which is closely related to the concept of “disruptive innovation.” Distilled down to its most basic form, “creative destruction” is the concept that something new, whether a technology, manufacturing process, or business practice, can disrupt the established market and upset the market power of entrenched companies.
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