DoubleLine Funds’ Jeff Gundlach just spoke with CNBC’s Sara Eisen, and in a wide-ranging interview, included, Tesla.
Back in July, Gundlach said: “If I was Elon Musk, I might go to all the other auto companies and say, ‘I’ll make you a deal: I’ll get out of the car business, but let’s set up a long-term deal on you buying my batteries.” On Monday (11/24/14), Gundlach said Tesla had the ability to be a “major leader” but again reiterated that his bullish view on the company was about the batteries and the company’s technologies, not its cars.
Here’s Value Innovations’ take on Gundlach’s comment: “No it’s not cars.” We respectfully disagree. The Tesla S P85D, a 5 to 7 seat sedan weighing more than 2 tons, accelerates from 0-60mph in 3.1 seconds, is rated the highest quality car by Consumer Reports and the safest car ever tested by NHTSA. Tesla will sell 35,000 +/- S Sedans in 2014.
The X SUV will roll off the Fremont production line in 2015 and Tesla forecasts they will sell 400,000 Model 3s in 2020. The Model 3 is designed to compete with the BMW 3 Series.
Tesla is a car company but it’s much more than that. It’s a NexGen energy company too!
Do you agree or not? What are your thoughts?
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