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Report: Tesla Expects To Sell 500,000 Cars, Europe Model S Demand Strong

Long Term, Tesla Expects To Sell 90,000 Model S/Model X Electric Vehicles
Goldman Sachs is out with a note on Tesla Motors, after the company’s own Patrick Archambault took a tour of the California automaker’s Fremont manufacturing plant earlier.

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And even though the analyst as a neutral rating on the company, he filed a report on four new things he learned, mostly all positive; which caused the stock to have a massive day on the open market, closing at $110.33, up $13.25 (13.65%), giving the company a huge $12.75 billion dollar market cap.

Here are the analyst’s notes via Business Insider:

Demand looks strong. In Europe, the order rate is about 200/week with “highest per-capita demand from Nordic countries.” They expect Germany to become one of their biggest markets, and in Asia, they expect China to drive demand. In the longer-term they expect to sell 500,000 vehicles. The breakdown: “Gen 3 sedan (around 200K units), Gen 3 SUV (about 150K units), Model S/X (roughly 90K units) and the next Gen Roadster.
More http://insideevs.com/report-tesla-expects-to-sell-500000-cars-europe-model-s-demand-strong/

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