Investor Gary Black predicts that Tesla’s Model 3 and Model Y sales will surge once the company resolves a key issue in CEO Elon Musk’s plans for the company’s future. According to Black, solving for unsupervised autonomy, with a target of one critical disengagement per year, will be the catalyst for the sales boost.
Solving Autonomy is Crucial
Tesla’s Full Self-Driving (FSD) system has been under investigation, with reports of multiple traffic violations and accidents involving Tesla vehicles and Robotaxis. However, once the autonomy issue is resolved, Black believes that Model Y and Model 3 sales will soar.
European Success
The Tesla Model Y was the best-selling vehicle in Europe in September, with 25,938 units sold. This success comes on the back of a better-than-expected Q3 delivery performance for Tesla, with over 497,000 units delivered. Despite this, Tesla sales fell over 25% in Italy, according to data released by the Italian authorities.
Backing Elon Musk’s Pay Package
TV host Jim Cramer has backed Musk’s $1 trillion pay package, which has drawn criticism from proxy advisory firms. Cramer believes that Musk is worth the package, citing his intelligence and value to the company.
Market Trends
Tesla scores well on Momentum, Quality, and Growth metrics but offers poor Value. The company’s price trend is favorable in the Short, Medium, and Long term. With the right strategy, Tesla is poised for success in the electric vehicle market.
Conclusion
As Tesla continues to innovate and resolve key issues, the company is expected to experience a surge in sales. With the support of investors and a strong delivery performance, Tesla is well-positioned for future success.
Related News
- Dan Ives says Tesla Robotaxi is the biggest competitive threat to Uber, predicts Optimus robots would be in people’s houses in 2 to 3 years.
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