From: Gianni Serazzi < Sent: Thursday, May 4, 2017 2:04 AM To: jeffrey E. Subject: Tesla Down from 326 to 303 since we spoke... And they have not a=nounced that they will probably build the first model 3 basically by hand =o hit the official launch date but ramp-up will be at least 3 months late =eyond schedule and the competitors will have very similar battery costs wi=hout having spent billions on Gigafactory... This info comes from estimate= of my friend in Ferrari that works on the of electric motors strategy (li=e the one they built on LaFerrari), thus tradable ThxG 1 EFTA_R1_01894157 EFTA02651736