From the Los Angeles Times:
Tesla X to devour premium SUV market: Morgan Stanley report
Tesla's Model X crossover electric car is going to outsell the company's Model S sedan, and is "ready to feast" upon an unsuspecting premium SUV marketplace, says the financial firm Morgan Stanley.
A report this week stated that the much-anticipated, much-delayed X -- not due to be in Tesla stores until the middle of next year -- will be a better car and will deliver better sales to the Palo Alto-based automaker.
The value of Tesla stock, thus, should be about $320, well above its current $250, making Tesla "our top pick in US autos."
It will also "sweep every Car of the Year award on offer by the automotive media," the report said.
Morgan Stanley hasn't seen or driven the X -- no one outside of Tesla has. But the firm is basing its predictions on tangible facts. Tesla has more money and technical resources on hand to support the X than it did the S, the company observes. It is also investing more time and money into the X launch, and will likely put a car on the road that has fewer bugs to correct than the S did....MOREHeadline from and hat tip to Popular Mechanics.
