Tesla Says Picture Shared by Investor Isn't the New Model S
The Model S exterior has been largely unchanged since Tesla started selling the car in 2012.
(Bloomberg) -- Tesla Inc. said a photograph published by Citron Research founder Andrew Left on Friday isn’t the new Model S sedan.
Left wrote in a report that he expects Tesla shares to rise back to $320, roughly where they finished at the end of February. The stock has slumped since then, closing at $284.14 on Friday, after Chief Executive Officer Elon Musk slashed the prices of Tesla cars and announced the company will close almost all its stores.
The Tesla bull, who used to bet against the company, wrote that he thinks the company will bounce back from overdone criticism of Musk by the likes of skeptical investors including David Einhorn, Jim Chanos and Whitney Tilson.
He wrote that when Tesla unveils the new Model S, he’ll be “one of the first customers on the waiting list,” and attached this photo:
Tesla hasn’t announced a new Model S. The photo was published online by a car designer based in Istanbul last year. The Model S exterior has been largely unchanged since Tesla started selling the car in 2012.
Musk has tweeted that the company will unveil the all-new Model Y crossover for the first time on March 14.
--With assistance from Dana Hull.
To contact the reporter on this story: Craig Trudell in New York at ctrudell1@bloomberg.net
To contact the editors responsible for this story: Matthew G. Miller at mmiller144@bloomberg.net, Chester Dawson, James Ludden
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