Tesla says it will produce 55,000 vehicles in 2015, including a brand new model. Lovallo thinks the total will be much lower based on demand in the U.S. and China, a market that hasn’t produced the growth expected. However, some analysts say more time is needed to establish the company in China and other foreign markets.
In partial agreement with Lovallo, Business Insider’s Matthew DeBord notes, Tesla has gone from a company with stock prices topping out at $292 a share, to a “manufacturing company with a lot of ground to cross between where it is now and where it says its business will be in five or 10 years.”
For now investors appear to be sticking with Musk and his optimism for the future. Stock prices are still hovering at about $210, but well off 2014’s nearly $300 high.
In some positive Tesla news, Consumer Reports just named the Tesla S its top car for the second straight year.