CNN Money Fortune Report
IMO, the article is much more balanced than the headline suggests:
IMO, the article is much more balanced than the headline suggests:
Due to go on sale in mid-2012, the seven passenger Model S is designed to do nothing less than revolutionize the auto industry.
Tesla will have to stand traditional auto industry economics on its head.
"The auto industry might change more in the next 10 years than the last 100," wrote veteran analyst Steve Milunovich of Bank of America Merrill Lynch in a report published August 8. "Electric vehicles (EV) represent a new category that Tesla could lead given that new entrants tend to win when disruptive technologies emerge. In our view, CEO Elon Musk may be similar to Steve Jobs in being a technology visionary also able to manage and create shareholder value."