Tesla's Ample Model 3 Demand Backs Optimism, Piper Jaffray Says
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There is plenty of demand in the U.S. for Tesla Inc.’s Model 3, and the sedan’s potential to win customers from mass-market competitors should counter concerns about the electric-car maker’s performance, analysts at Piper Jaffray said in a report.
Projections for the model’s U.S. sales, as well as Tesla’s plans to make the car at a new plant in Shanghai, should offset investor worries about demand for its more expensive vehicles and in China, analysts including Alexander E. Potter wrote Friday in the report.