Casey Research:
Tesla just whiffed.
…and no one seems to care.
It’s complete insanity…and it’s going to end badly for many Tesla shareholders.
I’ll tell you why in a second. But let me first explain what I mean by “whiff.”
On Tuesday, the electric carmaker reported third-quarter sales of its Model 3.
This is the company’s first mass-market vehicle. It just started delivering them in July.
Yet, Tesla investors had high hopes for the first quarter of production… and why wouldn’t they?
In August, Tesla’s founder and CEO Elon Musk said the company would produce 1,500 Model 3s during the third quarter.
Cont....
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