Article Image

IPFS News Link • Transportation

Tesla Model 3 Could Be The Next Toyota Camry

• insideevs.com by EVANNEX

We recently profiled Gene Munster, one of the most revered Wall Street analysts that covers Apple. Munster has a five star rating and ranks a stellar 21 out of 4,592 analysts on Tip Ranks (99.5th percentile). He's been showing up on the financial networks discussing his outlook for another tech innovator, Tesla.

His company, Loup Ventures*, argues that the "Model 3 could change the world" in their most recent research report. Munster chose a surprising car to stack up against the Model 3. No, not the Chevy Bolt — the Toyota Camry.

For 14 years running, Toyota Camry has been America's best-selling car.

That said, Loup Ventures compared the Model 3's total cost of ownership with "the Toyota Camry because it's a good example of an affordable quality car sold in the U.S. At first glance, Camry is in a different segment than the Model 3, given that a Camry costs an average of 42% less than an average Model 3 and Camry is an ICE (internal combustion engine).


PurePatriot