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Tesla Model S Demand Not Slowing, Model X Strong Too

Tesla’s second production line will be capable of building both Model S and Model X

Tesla Motors Inc (NASDAQ:TSLA) has rejected recent reports around the slowing Model S demand. Barclays said in a research note earlier this week that the Model S demand in the U.S. has plateaued. But the electric vehicle maker said during the investor meetings organized by Goldman Sachs that the demand is still strong. Goldman Sachs has a Neutral rating on the stock with a $200 price target.

Tesla Model S
Tesla trying to reduce wait time in international markets

Tesla Motors Inc (NASDAQ:TSLA) reiterated that it has done very little on the promotional front to boost growth. The Elon Musk-led company revealed in its 10-K filing last month that it spent just $9 million on advertising and promotional activities in 2013. The company is focused on reducing the waiting times globally. Therefore, it won’t have plenty of supply to sell in the U.S. at this time.


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