Tesla (TSLA) Model 3 Production Expected to Remain on Schedule

Ahead of Tesla Motors' (Nasdaq: TSLA) Model 3 event on Thursday, Global Equities says it doesn't believe that there will be a delay to Model 3 production.

Analyst Trip Chowdhry noted the following points on Wednesday:

-- Model 3 Chassis design got completed in 2015

• Chris Porritt, who comes from Aston Martin is no dope ... he has been working on the chassis design for both Model X and Model 3 since 2014
• It is widely believed Model 3 chassis design got a "Freeze" around August - October of 2015

-- Model 3 will be built using steel and not Aluminum (Model S and Model X is built using Steel)...Steel by itself reduces the production time by half

Global Equities has Tesla at Overweight with a price target of $385.

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

You May Also Be Interested In

• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ
• Active options: TSLA NVDA AMZN GOOGL AAPL SPCX MSFT NFLX INTC
• JPMorgan Downgrades KFin Technologies Ltd (KFINTECH:IN) to Neutral