Tesla Motors Inc (TSLA) Innovates at Its Own Speed

Not only is Tesla Motors Inc (NASDAQ:TSLA) aiming to bring its electric-car prices down to the level of internal combustion cars, but it’s also already outselling cheaper electric vehicles on the road. Ford Motor Company (NYSE:F) sold a total of 685 Focus Electrics in 2012, and Honda Motor Co Ltd (ADR) (NYSE:HMC) has sold or leased only 161 Fit EVs since last year. Tesla, on the other hand, has sold 4,750 Model S vehicles in Q1 2013 alone.

With its new push to build even more supercharging stations, Tesla Motors Inc (NASDAQ:TSLA) is showing that it’s committed to its customers — and stock investors — for the long run. The company has bet its existence on electric vehicles, and it’s ramping up charging-station production to meet the demand of current consumers and future ones. Compare that with many auto manufacturers who view their electric vehicles as side projects. Tesla Motors Inc (NASDAQ:TSLA) doesn’t have the option of failing, and it’s fighting tooth and nail to show that an electric-vehicle company can survive — and thrive — in the auto market. So far, it’s proving itself right.

The article This Car Stock Innovates at Its Own Speed originally appeared on Fool.com is written by Chris Neiger.

Fool contributor Chris Neiger has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Ford and Tesla Motors.

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