Tesla Motors Inc (TSLA) Model S Vehicle Outsells German Luxury Counterparts
I believe that it is fair to say that Tesla is having a great month. Recently Tesla Motors Inc (NASDAQ:TSLA) reported their first profitable quarter in their 10 year history. Consumer Reports also reported the Model S as being the best car they’ve every tested. And now there is a report that the Model S had a better sales quarter than their gas-powered German rivals.
Tesla had sold 4,750 Model S vehicles in the last quarter. This is higher than 3,077 Mercedes S-Classes, 2,338 BMW 7-Series cars, and 1,462 Audi A8s. The advantage that Tesla has in this case is that they make one car, but the German car companies have various models. The Model S costs less than the German cars also.
The Model S has an average price of around $70,000 and you get a $7,500 tax credit for buying one. The Audi and BMW vehicles start at around $73,000 and the Mercedes S-Class starts at over $92,000. Well done, Elon Musk. Well done.