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Tesla's Model 3 Event: I Was There
Posted on April 04, 2016 by Roger Pressman
Editor's Note: Article was originally published on Seeking Alpha (excerpt below).
Future prospects for Tesla Motors are dictated as much or more by consumer sentiment about its new Model 3 as by current business fundamentals.
The Tesla Model 3 can compete effectively with any vehicle in the mid-size market segment.
Head-to-head comparisons with comparable internal combustion vehicles favor the Tesla Model 3.
The Model 3 will cement the Tesla brand with the most desirable buyer demographic.
Video streaming is wonderful, Twitter feeds are informative and live blog posts provide useful information, but there is nothing like being there in person when a major tech event occurs. The March 31, 2016, introduction of the Tesla Motors [NASDAQ: TSLA] Model 3 was a major tech event, akin to the introduction of the very first Apple iPhone. And I was lucky to be one of the relatively few investors to attend in person. I got to see the Model 3 up close, took a test ride and looked at it from every angle. I examined its fit and finish and came away with a true feel for the car. I think that provides a rather unique perspective for an investor.
We could, of course, debate company fundamentals for hours. But at the end of the day, I'll risk a cliché and quote Warren Buffett: "Why not invest your assets in the companies you really like?"
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