WASHINGTON (AP) — Electric automaker Tesla has produced its first Model 3 sedan, a highly anticipated car because it carries a relatively low price.
CEO Elon Musk late Saturday tweeted pictures of the car. It will cost $35,000 and can travel 215 miles on a single electric charge. A $7,500 federal tax credit for electric vehicles would lower the cost $27,500.
The new model comes after a bad week for Tesla's stock price.
Shares fell roughly 14 percent after Musk tweeted that deliveries of the company's other two models — the Model S sedan and Model X SUV — were at the low-end of the company's projections in the first half of this year. Musk also said the company would make 20,000 Model 3s in December, below previous projections.
Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
