How Is Model X Going To Affect Tesla Stock?

The auto-making giant is expected to report an EPS of $2.45 which is being considered as a huge rise from where it was before.

Tesla Motors has recently launched its third electric car named the Model X, which has created much of stir in the EV industry. The auto company has introduced some great features in the new car and the analysts are looking at the product with mixed emotions and opinions. The new electric car has come out with some great new technology, which has also been identified as being highly safe for the human use. The ratings it has so far received for safety are exceptionally well and the different high-end options, which have been added to the car’s brakes and sensors, have made the luxury car even better.

The new Tesla car will be available for customers with a price tag of $130,000, which is also expected to take the stock of the auto company, really rise up on the index. The pre-orders that have been noted down by the giant so far reached a massive number of 25,000 even before the launch of the car, which is a great number to be reckoned with. Another thing to be taken into consideration is the fact that the firm will enjoy a flow of a colossal $3.3 billion once all the pre-orders are delivered to the customers.

Following the launch of the much awaited and much talked about car, the response that Tesla business has so far been receiving is noted down to be very much on the positive side. According to the management of the company, the customers who will be placing order for their Model X will be receiving their order in the upcoming year, while the pre-orders will be entertained in the current year only.

As for the effect of all the high sales on the stock, the analysts have emerged to be a little too over the bullish side, as they believe that all the sales of Model X is to take it on a massive 59% high on the index, which is indeed going to give a tough time to its rivals in the industry.

For the upcoming quarter earnings that the hybrid car makers will be reporting in the first week of November, it is expected to report an EPS of $2.45. Analysts are considering this upside on the stock as a massive increase on the profit, as the expectations that came out to be for the current year revolved around a loss of $0.83.

Tesla is now looking forward to compete in the market with its latest model.