Being a concept model, many assumed this could be a temporary setup and the final version will feature a HUD as found in nearly all cars that hit the market. There's been talk for some time that the forthcoming Model 3 won't have any kind of traditional instrument cluster or head-up display, and now it seems that's been confirmed.
In other news, CEO Elon Musk acquired 95,420 shares of the stock in a transaction dated Friday, March 17th.
In the near future, "there will be many connections between vehicles, infrastructure and people", Lo said. Bernstein, Goldman, Morgan Stanley, Guggenheim, Argus, Standpoint Research, Oppenheimer and Piper Jaffray are among others. Most automakers have already increased the number of SUVs in their product portfolio.
To help fund Model 3 production, Tesla raised about $1.2 billion by selling common shares and convertible debt earlier this month. These hardware systems are needed to support fully autonomous driving functionality. Last year, Elon Musk teased an Uber-like ride-hailing service called Tesla Mobility consisting of self-driving vehicles.
Two different studies have shown that Tesla Mobility consisting a large fleet of mass-market autonomous cars could be a viable and highly profitable business.
We expect TSLA will release Q1 delivery numbers by Monday, April 3, and believe the company will be on track to meet its 1H:17 guidance if TSLA delivers 20k vehicles.
Tesla also earned the endorsement of another massive technology company on Tuesday, when Tencent, the Chinese internet conglomerate that runs the social network WeChat, bought 5% of the company. The Chinese holding company spent almost $1.8 billion for the entire stake that is now worth more than $2.2 billion.
Tencent, one of Asia's largest technology firms, has backed several electric vehicle companies in the past. Tencent's investment in Tesla "is good for their global brand".
Tencent owns about 8.2 million shares in Tesla, the carmaker said. "Tencent is a massive company in China, it could acquire companies with the license to manufacture automobiles in China".
Tesla Motors, Inc. (TSLA) has a market capitalization of 45.2 Billion. Tesla has taken more than 400,000 pre-orders for Model 3. Over the last 90 days, insiders have sold 14,700 shares of company stock worth $3,610,196.
That's just the beginning.
While Tesla is likely a ways off from actually coming up with any serious Model Y concepts, Autocar a few weeks ago published its own render of what Tesla's Model Y might look like. But apart from these three cars, the automaker company is said to work on yet another vehicle, the Model Y. The company has not yet given much information regarding Model Y, but CEO Elon Musk will share some more details about the auto next week.
Tesla's range of electric cars has included the Model S and the Roadster, which was billed as the world's first electric sports vehicle. Autosteer has reduced crash rates by 40%, found NHTSA.