Here's Why It Could Be Very Easy To Buy A Tesla Powerwall
Tesla Motors Inc (NASDAQ: TSLA)'s first Tesla Powerwall home energy storage systems are set to go on sale in the United States. According to PV Tech, the Tesla Powerwall systems are being offered through Vermont's Green Mountain Power, a utility company which will be including a "no upfront cost" option for its customers.
The company's stock took a hit on Wednesday as traders followed a market trend that anxiety had been added in its Q4 earnings. Deutsche Bank's Rod Lache stated that Tesla may only hit "the lower half" of its Model X production target for the fourth quarter.
So far, 500 of Tesla's Powerwall units have been ordered from the manufacturer. Green Mountain Power already has an existing quarter of a million customer base and plans to be executing deliveries in January 2016. Tesla's Powerwall home energy storage systems were initially launched in April. The system was said to become available before the end of 2015. Tesla also set the units at a quoted price of $3,000.
Related Link: What's The Biggest Catalyst For Tesla? Here's What Dan Galves Thinks
Tesla's stock is still resilient enough to overcome current challenges and market conditions. Credit Suisse analyst Dan Galves said in a November 25 report that Tesla would meet its targets for the fourth quarter and would have a much cleaner year in 2016. Despite the negatives, Tesla's production does deliver good confidence to those who hold Tesla stock that the company will keep to its promises.
Shares of Tesla last closed at $224.52. The stock hit a low of $181.40 in 2015.
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