Here’s Where Most Tesla Model S Sedans are Parked and Why
It’s safe to say that Tesla Motors (NASDAQ:TSLA) has stolen a significant portion of the automobile spotlight this summer. Posting record gains, releasing impressive earnings reports, and topping $20 billion in market value, many consumers have all but gotten down on their knees to hail Elon Musk, the South African CEO and founder of the Tesla operation who has managed to turn things around for his electric car company, finally posting profits for the first time in 10 years.
Most of that attention swirls around Tesla’s iconic Model S. The illustrious, albeit pricey sedan has won the hearts of many electric car consumers with its top safety ratings, lineup of awards, and customer satisfaction guarantees. Musk has been vocal about his 2013 sales goal for the sedan, and hopes to reach 21,000 deliveries by the end of the year.
Although many have applauded his efforts, it’s also important to step back and recognize how limited of a figure that number really is. With U.S. consumers purchasing close to 4 million vehicles every quarter, it’s hard to understand how Tesla can keep up if it only continues to roll out 5,000 units every three months.