Tesla, Inc. (TSLA), the famous future-seeking car enterprise, is not just rising to the top but is getting stronger with every step they take.
On Friday, Aug. 4, 2017, Tesla company, by the hand of its CEO, Elon Musk, reached a top financial goal when it registered a record weekly revenue since April. Nobody expected to see its stock increased dramatically, according to MarketWatch.
Not only did it take some by surprise, but it seems Tesla has more to come. The reason for the excitement is the announcement Musk made about that the Model Y SUV crossover would have a “completely different” architecture earlier this year. Many believed that would have brought on financial issues.
The thing is that Musk has taken back his words, accepting advice from his board to “not to take that risk” because of the expenditures that would be incurred. Instead, they opted to use the first base of its Model 3. Basically, this makes the new model less expensive, reduces their release time, and increases the profits. This move regained the trust of their investors.
This is something to be seen because Musk is known to be a successful entrepreneur and clever. It appears he recognized that he was being stubborn and then listened to his advisers. That is an example of how much potential a business can have when their people work as a team. It also demonstrates that Tesla, Inc. has come to stay.
Now, that is only a part of the reason for the company’s success. For those who might be skeptical of the success of the Tesla project, here are some facts:
- 10,000 Units Per Week: The most important is their plan to increase the Model 3 production to 5,000 units per week by the end of this year. The goal is to reach 10,000 units per week by the end of next year. That speaks for itself as Tesla is starting to show a more reliable face to be the source to look for in many years to come.
- The Price Is Not a Big Issue: When a person thinks about Tesla they believe money will be a barrier that keeps them from buying one of their cars, but that is not likely the case. A Model 3, its most recent vehicle to hit the market, for example, costs around $35-48,000.
- Safety First: The Tesla Model 3 has not been through public safety tests just yet. Despite that, it is likely to be one of the safest cars on the road. The reason for this belief is that the success of the safety tests done by Tesla. The Model S is one of the safest cars around, and Musk has promised great things from the Model X as well, according to LearnBonds.
All of these factors demonstrate Tesla, Inc. is a success at the hands of Musk. While, in the past, there were no certainties in Musk’s project, it seems that the future is now pointing toward a triumphant path.
By Gian Torres
Edited by Cathy Milne
MarketWatch: Tesla stock posts best weekly gains since April
The Motley Fool: 3 New, Must-Read Quotes From Tesla, Inc.’s Elon Musk
InvestorPlace: Tesla Inc (TSLA) Goes Back to Original Plan for Model Y
LearnBonds: Tesla, Inc. (TSLA) Model 3 13 Facts You Need To Make Up Your Mind
Featured and Top Image Courtesy of Lubomir Panak’s Flickr Page – Creative Commons License