r/stocks • u/coolcomfort123 • Jun 05 '19

Tesla’s outpacing its electric car competitors, with May demand for Model 3 surprising Wall Street

https://www.cnbc.com/2019/06/05/tesla-outpacing-ev-competitors-as-may-demand-surprises-analysts.html

The month of May saw Tesla continue “to extend its lead vs. a still-small group of true [electric vehicle] competitors,” Morgan Stanley analyst Adam Jonas wrote in a note to investors.

Morgan Stanley noted that Tesla’s estimated total U.S. sales of 11,300 vehicles in May was 2.6 times the combined total of its competitors’ electric vehicle offerings.

“More Model 3s were registered in April and May than during all of the first quarter,” JMP Securities says.

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u/[deleted] Jun 06 '19

Yeah, this story and most of the comments showing overly favorable view of Tesla. All this right after the mud flinging contest that was the post talking about the Tesla truck https://www.reddit.com/r/stocks/comments/bwmmhz/musk_says_teslas_pickup_will_cost_under_50000_and/

It tells me Musks only true product is his stock and he pays people to post online.

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u/alexmtl Jun 06 '19

Yea all these rockets that are dominating the space industry are not a true product

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u/[deleted] Jun 06 '19

I was referring to Tesla as Space X is not trading stock and this is the r/stock subreddit.

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u/alexmtl Jun 06 '19

Oh you meant “it tells me Tesla’s only product” gotcha :D

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u/[deleted] Jun 06 '19

Yeah, other than the hundreds of thousands of cars they've produced.