Tesla | Fundamental Analysis

Tesla | Fundamental Analysis

Written by: PaxForex analytics dept - Friday, 08 May 2020 0 comments

Tesla Chief Executive Officer Elon Musk said in a podcast interview on Thursday that the company's planned Roadster sports car will take second place due to the development of other car models. In an interview with stand-up comedian Joe Rogan, the billionaire also criticized orders imposed by American states to curb the spread of coronavirus. Musk said state blockage orders are "unconstitutional" and will not be brought before the U.S. Supreme Court if they are challenged. Earlier, on April 29, he made such remarks during the Tesla report regarding first-quarter revenue, calling the restrictions "fascist". The interview marked the second appearance of Musk in Rogan's podcast, which was filmed and published on the internet. Musk became notorious when he smoked marijuana with Rogan during his first interview in September 2018. When Rogan asked when he could buy the Roadster, Musk said he couldn't give a date, but said other initiatives, including increasing production of the Model Y sports car and building a car factory in Berlin, were a priority. "The Roadster is a kind of dessert," said Musk. "First we have to get meat, potatoes, greens and so on". Musk also said the Tesla has to produce a Cybertruck, a light commercial vehicle with a futuristic look, before working on the Roadster. Tesla has announced that the Roadster, a four-seater battery-operated car, will be available by the end of 2017 and will be faster than any other legitimate street vehicle. Mask has stated in the past that sales of the Roadster will begin after the release of an updated version of the sedan Model S, which was widely expected to be released in late 2020. The two-hour interview focused only on the short part of the virus pandemic and the Tesla business, with much of the discussion focusing on artificial intelligence and another company, Musk, called Neuralink, which develops implantable brain-machine interfaces. Musk told Rogan that these devices can be implanted to people within a year, but said that Neuralink will only be implanted itself if it really works.