Tesla Motors Inc TSLA‘s stock is on a tear in the past month, rising more than 42.9 percent. However, according to Business Insider transportation expert Matthew DeBord, Tesla investors are making a big mistake when it comes to the outlook for the coming Model 3.

“This is the notion that the arrival of a $30,000 all-electric car in a market dominated by gas-burning vehicles will be the disruptive-innovation earthquake we’ve all been waiting for,” DeBord explained.

DeBord believes that Tesla will not (initially at least) have as wide of an appeal in the marketplace as many supporters believe. He argued that the massive demand for Japanese model automobiles in the United States, including Honda Motor Co Ltd (ADR) HMC Accords and Toyota Motor Corp (ADR) TM Camrys, has to do with drivers’ practical demand for affordability, convenience, safety and fuel efficiency. It has…

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