Tesla Inc (NASDAQ:TSLA) has put its net reservations at 455,000 and Tesla Inc (NASDAQ:TSLA) Model 3 continued seeing surge in demand clocking up to 1800 daily bookings. With an average price target estimate of $300, analyst expect TESLA to turn profitable by 2019. Most analysts in market belive that Model 3 will help TSLA to settle years of debt. TESLA is expected to ramp up production up to 500,000 units per year by next year, this will help Tesla Inc (NASDAQ:TSLA) to achieve sustainable growth and profits. TESLA Q2 revenue stands doubled at $2.8 billion compared to last quarters $1.3 billion. TSLA is also working aggressively in diversifying its profit segments, Gigafactory and Supercharger infrastructure will help it to solidify its business in the long run.
General Motors Company (NYSE:GM) is perfectly positioned to compete with both legacy auto and new technology auto industry rivals. Compared with TSLA which is still a high risk investment for investors, General Motors Company (NYSE:GM) offers more stability. GM has continued to maintain dominant position in terms of electric cars and self-driving technologies. General Motors is currently building 100 Bolts a day and is aggressively ramping up shipping and delivery too and expects to be nationwide by mid-2017. General Motors’s Cruise Automation is currently testing self-driving and ride haling in Silicon Valley. In June and July General Motors shipped 1,971 and 1,642 bolts.
Ford Motor Company (NYSE:F) has been a strong performer in the legacy automobile segment with 6.6 million car deliveries in 2016 and 22 times the profit of TESLA. While Ford Motor Company (NYSE:F) fleet sale continue to decline by 26.4% its car segment has performed better. SUV sales increased by 2.9% and F-Series sales were higher by 5.8%. Ford Motor Company is expected to launch fully autonomous vehicles by 2021. Despite selling less vehicles than other legacy auto manufacturers, Tesla has surpassed both Ford and General Motors in terms of market capitalization, has further increased the pressure on Ford.