Forecast of economy, industry, and company-
- Over 400,000 preorders for Tesla's model 3 expecting completion of late 2017.
- Preorders of $1,000 refundable deposit
- Accident happened with autopilot just prior to 2 billion acceptance of stock
- Missed production quota for quarter 2 by 15%
- Autopilot feature is a niche as well as electric in which competition is far away
- GM Bolt (no autopilot) selling comparable to model 3 and comes out a year earlier.
- GM has the capital and balance sheet to price their vehicle much lower than teslas to destroy sales on model 3 due to their higher income through other sales.
- Equation of regression line is y= -2.107298238E + 12 + 1047826000 * x
- R=.9822 x= year y= revenue close to 1 so sales are accurate
- Sales projected for 2016 are 5,117,216,000 or 5.1 billion.
References:
https://jalopnik.com/tesla-did-not-disclose-autopilot-death-before-2-billio-1783123902
https://www.nasdaq.com/symbol/tsla/financials?query=ratios
https://www.theweek.co.uk/tesla-model-3/70320/tesla-model-3-prices-specs-and-2017-release
https://www.marketwatch.com/investing/stock/tsla/financials
Attachment:- Assignment.rar