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Is Tesla Motors Inc (TSLA) Under Fire From BMW AG?

Tesla Motors Inc (NASDAQ:TSLA) may have a fierce battle on its hands in the future if data from a report by CleanTechnica is to be believed.

BMW AG, it seems, is in a better position than other car makers at challenging Tesla Motors Inc (NASDAQ:TSLA).

According to the site’s Zachary Shahan, “Looking at the past three months (August, September, and October), when BMW was producing more of the BMW i3 thanks to good consumer demand in the US, the BMW i3 accounted for almost 5% (4.93%) of BMW’s US car sales (as well as 3.85% of all BMW US sales).”

If this is any indication, BMW AG may be more serious than the others at competing with Tesla Motors Inc (NASDAQ:TSLA). It may also indicate that people are reacting more positively to the launch of the i3 than the launch of similar vehicles from other companies.

Produced in Germany, BMW AG’s i3 was first sold in the United States in May. It is also available in Austria, Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Norway, Spain, Sweden, Switzerland and the United Kingdom.

Tesla, is TSLA a good stock to buy, electric cars, BMW AG,

In another CleanTechnica report it revealed that only 2.1% or 24,411 of 1.17 million cars sold by Nissan were some sort of electric car. Just 0.9% or 18,859 of 2.07 million cars sold by Ford is also in this category. These are the top 3 and top 4 car makers selling electric cars in the U.S.

This means that in just a span of six months and with the introduction of the i3, BMW has leapfrogged Nissan and Ford to be second only to Tesla Motors Inc (NASDAQ:TSLA), one of the top 9 companies expected to grow this year.

Tesla Motors Inc (NASDAQ:TSLA) shareholders includes John Thaler’s Jat Capital Management which reported a stake comprised of 948,778 in the car maker by the end of the first half of the year.

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