Will Tesla Model 3 Reveal Be More Exciting Than Apple Spring Event? By Scalper1 | March 30, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/YpFiOXn3jXw/Tech_033016_TSLA_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/YpFiOXn3jXw/Tech_033016_TSLA_sd.mp4 Loading the player… The mass market Tesla Motors ( TSLA ) Model 3 could drive 5 times growth in the electric car maker’s annual deliveries by 2020, according to an analyst. A new Goldman Sachs report out Wednesday, one day ahead of Tesla’s long-awaited reveal of the Model 3, says the $35,000 price point “has the potential to dramatically increase the total addressable market and drive a bullish outlook for sales growth.” Aside from the company’s sales and earnings, analysts are focused on Tesla’s delivery and production figures. Though delivery growth is expected to boom in the long term, the analyst says near-term deliveries could drag down the stock. Tesla reports first-quarter deliveries in early April, and Goldman expects the luxury car maker to meet its guidance of 16,000 deliveries. Tesla Up Over 60% From Feb. Low Shares reversed lower in above average trade, losing 0.9%, but are continuing to find support around the 200-day line. Despite reaching a 2016 high earlier this month, Tesla is still in the red for the year. The stock is about 20% below its July high, reached as the stock failed to break out of a cup-with-handle base. Still, shares are up 62% from their February low. Tesla Unveiling Like Apple Event? Meanwhile, Credit Suisse says that it does not predict “much incremental information” during the Model 3 unveiling tomorrow evening — much like what happened recently with Apple ( AAPL ) during its spring product launch event. But the analyst said the real key will be seeing what the demand for the new car is like in terms of initial reservations. The Model 3 won’t start production until late 2017, a year after a rival mass market electric car from General Motors ( GM ) — the Chevy Bolt — is expected to begin production. Apple stock rose 1.5% on an upgrade from Cowen Wednesday, while GM edged up a fraction. Scalper1 News Scalper1 News Related posts: 3 Keys To Tesla Model X Event Now, Apple Car In 2019? Tesla Up 20% This Month: What Does Short Seller Citron Think Now? Tesla Stock Continues To Lose Spark, Tumbles To 2-Year Low This Could Signal Apple’s Car Ambitions Are Moving Forward