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Tesla Motors ( TSLA ) is planning a March 31 reveal of its mass-market Model 3 electric vehicle, to be sold at half the entry sticker price of its current luxury EVs. When Tesla finally makes the Model 3, around late 2017 by the most optimistic estimates, its $35,000 price tag will require battery cost reductions achieved through the battery Gigafactory that Tesla is building in Nevada. With that as the backdrop, Tesla stock slipped 1.3% on the stock market today along with other automakers and the broader stock market. While IBD doesn’t rate the company highly at the moment, Tesla shares — like those of some other automakers — have made significant strides up from February lows. Tesla is now 44% above its February low, but 29% off its 52-week high set in July 2015. Short-seller Citron Research, which expects supply and demand problems as Tesla tries to scale up production, recently targeted Tesla stock. The website InsideEVs’ Monthly Plug-In Sales Scorecard shows an estimated 2,400 Tesla Model S sedans sold this year through February, more than any other maker’s U.S. sales of plug-in electrics or plug-in hybrids. The General Motors ( GM ) Chevrolet Volt was next with 2,122, then the Nissan ( NSANY ) Leaf at 1,685 and the Ford ( F ) Fusion Energi at 1,513. Tesla Model S 100D In The Skunkworks? Tesla’s Model 3 is expected to have a 200-mile driving range between charges, notes Global Equities Research analyst Trip Chowdhry. The Model 3 sedan has over 270 miles of range. Is Tesla also building a Model S 100D that could go more than 300 miles per charge? A self-described “white hat” hacker took a look at some code in the operating system of a Model S and on Twitter ( TWTR ) tweeted to Tesla CEO Elon Musk code-speak meaning that he’d found reference to the “P100D” name — and that could indicate a 100 kWh battery pack. @elonmusk @teslamotors #tesla I know your secret. SHA256 of best part: 5fc38436ec295b0049f186651ebba5fd55e8d7b81eb61cbd00d3f1bf18dd9c81 — Jason Hughes (@wk057) March 4, 2016 Regarding the “accuracy of a 100kWh battery pack rumor for Tesla Model S,” Global Equities’ Chowdhry said in a research note Monday that his firm “thinks that this rumor is accurate.” A 100kWh battery pack would be a higher-output pack than Tesla has now. “Our best guess is that Tesla Model S 100D (not the performance version but the Dual Motor version) could achieve a range greater than 300 miles per charge,” Chowdhry wrote. Wingmen @gims_live #GenevaMotorShow pic.twitter.com/SPMcXz1Qyo — Tesla Motors (@TeslaMotors) March 3, 2016 Besides the Model S and upcoming Model 3, Tesla has the Model X crossover, which it took to the Geneva International Motor Show ; the show runs March 3-13. Scalper1 News
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