Tesla Model S Has Emerged – Whitegate Partners.

Tesla Model S Has Emerged – Whitegate Partners.

Whitegate Partners – The typical person buying a $ 70,000 Tesla Model S tends to be male, young and wealthy according to leading automotive resource company, Edmunds.com.

“The research suggests that nearly 84% of the customers who’ve parted with the $ 70,000 required to secure the popular electric sports car are men and, when compared to other luxury sedans from the likes of BMW and Mercedes, those men tend to be younger,” said an Whitegate Partners alternative investments researcher.

Stock in Tesla has been riding high after the firm revealed better-than-expected profits for the 2nd quarter of the year and Whitegate Partners says it expects the earnings story to develop favorably over the course of this and next year.

Tesla recently reported that it intends to ramp up production capacity to 500 cars each week so even if they were to sell each car at 100% profit, they would require 7 years to warrant the current market capitalization of $ 17.5bn. “It’s all down to the earnings; that’s where the attraction is for Tesla,” said the Whitegate Partners researcher.

The company said it remains wary of buying into the stock at current levels and cautioned clients to wait for opportunities to present themselves on pullbacks.

Stock in Tesla has been riding high after the firm revealed better-than-expected profits for the 2nd quarter of the year and Whitegate Partners says it expects the earnings story to develop favorably over the course of this and next year.

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