Tesla Motors Competitors: When you think about the top dogs in the automotive industry, Tesla Motors Inc (NASDAQ:TSLA) may not always come to mind. Instead, people are more inclined to pay attention to Ford, GM, Toyota, Honda and others with a “bigger brand name.”
However, this has not slowed Tesla down in the least bit. In fact, the electric-car manufacturer is performing at a high level and taking on the big boys one step at a time.
For a better idea of how Tesla Motors Inc (NASDAQ:TSLA) stacks up to the competition, consider this. At the end of last week, the company had an $8.8 billion stock market value. This is compared to Fiat’s $7.8 billion. Additionally, it is three times the market value of PSA Peugeot Citroen. The most interesting thing about that is that PSA Peugeot Citroen has been in business for more than 100 years.
It is crazy to think that a car company that has not even sold more than 10k vehicles has been able to achieve so much success. Add this to the fact that Tesla Motors Inc (NASDAQ:TSLA) is only 10 years old and you have a truly remarkable story. And don’t forget the fact that a lot of the company’s growth has come at a time when the United States automotive industry was going through a rough path.
While the vehicles sold by Tesla have a lot to do with the company’s success, the leadership of CEO Elon Musk is another big reason for the optimistic outlook. It seems as if Musk knows exactly what to do and say in any situation, helping push the company’s value to new heights.
Here is an excerpt from Autonews.com, giving an inside look at how Musk thinks:
“Operating on the edge of the U.S. Securities and Exchange Commission’s fair-disclosure rules, Musk’s steady flow of Twitter posts about Tesla have corresponded with a swift rise in the share price. He has repeatedly halted dips in the price with well-timed tweets.
From Jan. 1 through May 10 — the day after Tesla reported its $11 million first-quarter profit — the stock price per share more than doubled, from $35 to $76.70 at Friday’s close. Overall, the Dow Jones Industrial Average rose 13 percent since Jan. 1.”
When it comes to sales volume, Tesla Motors Inc (NASDAQ:TSLA) is not doing anything special. In fact, most would consider the company as underperforming in this department.
However, the company, its CEO, and its vehicles have a lot going for it. For example, the same Autonews.com piece points out that “Tesla’s Model S sports car received the highest score in Consumer Reports’ ratings — a 99 out of 100 — along with widespread plaudits from the magazine’s automotive testing staff.”
People are excited about what Tesla Motors Inc (NASDAQ:TSLA) brings to the party, and this has shown time and time again on Wall Street.
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