Bidness Etc - Tesla Advises Customers against Customization of Cars

Last week, Tesla Motors submitted the company’s final report to Securities Exchange Commission in which the company was seen to have advised its customers to not opt for customization of their cars. This, to the customers, was a surprising factor to which the company explained that this customization of cars is expected to put a bad impact on the car making business of the firm in near future. The company has told the customers to buy the cars as the company is producing and not take customization as an option as now the company will be making a decrease in producing customized cars.
The electric car makers have related customization of cars to ‘hacking’ as they believe that car buyers who wish to have their cars made according to their wants will be satisfied for a little time only and it will not be long before they start having problems with the functionality of their cars and it might cause damage to the system of cars that Tesla Motors (NASDAQ: TSLA) is creating. By systems, the company means the safety systems of the company’s car as being the creators and producers of the system, the company knows the durability that they carry.
The automakers also added in the filing to the SEC that the electric system that its cars carry does not go along with the customer’s idea and demand for customization. They’ve also given emphasis to c advising the customers to stay away from practices that damage their cars.
As for the analysts, quite a few are of the opinion that this cautionary announcement by the company is just a note of warning for its customers that should be taken into consideration. However, some analysts are also suggesting that this act of the company shows that the Tesla Motors has a weak standing in the financial market and there are possibilities for the company to face a decline in the future. Analysts also believe that these warnings are due to the fact that the company cars are expected to create problems in the future for its users by not being durable and reliable.
The auto making company faced a downfall in the price of the shares by 3% in the trading session on Monday 2nd March, but the shares saw a definite increase in price on Tuesday, 3rd March 4, 2015 after a successful trading session in the open market.