Tesla Motors Inc (NASDAQ:TSLA) stated that it delivered 21,821 electric vehicles in the first nine months of 2014, which was 40% up from the same period in 2013. But public record analysis by Ohio based market research Company showed that only 9,331 Tesla EV’s were registered in United States during first nine months of 2014, which was down by more than 30% from the same period in 2013. So what happened to the remaining 12,000+ cars? Did the overseas sales go up significantly? A ‘BusinessWeek’ article discusses in detail about the story.
Since Tesla Motors Inc (NASDAQ:TSLA) doesn’t follow dealership model, there could be very small time lag between the delivery and registration. This negates the possibility of any unregistered delivered vehicles in Unites States. One possible assumption is that almost 60% of Tesla Vehicles sold in 2014 were outside United States. But how can we validate this assumption?
There are more than 40 Tesla Motors Inc (NASDAQ:TSLA) sales centers in Europe. In addition, Tesla has started to sell its vehicles in Japan and China in 2014. But do the sales in China, Japan and Europe close the 12,000+ vehicle deficit? Another interesting factor here is the contradicting Tesla’s statement. Tesla Motors Inc (NASDAQ:TSLA) claimed on Nov 5 that majority of its vehicles were sold in US in the third quarter.
The article also talked about increasing and decreasing registrations of Tesla Motors Inc (NASDAQ:TSLA) Vehicles in US States. Tesla’s vehicles had a big initial boost in states like Washington and California, which plunged down in the first nine months of 2014. Number of Tesla vehicle registration in California has gone down by 43% in the first nine months of 2014. But the states like Ohio, Indiana and Georgia have recorded increasing registration of Tesla’s vehicles.
If as the statistics shows the demand in fading in United States, then the timing is right for Tesla Motors Inc (NASDAQ:TSLA) to come up with a new model, which could turn the heads around the world. In spite of all these statistics, Tesla is still believed to be among the top companies expected to grow significantly in the future.
Disclosure: None
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