Tesla Motors Inc (TSLA): The Only Automobile Manufacturer I Would Invest In

Moving forward

General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) have established themselves globally, as they should after 105 years and 110 years in business, respectively. China’s Global Time has recently reported that Tesla Motors Inc (NASDAQ:TSLA) will display Model S at September Chengdu Auto Show in China. Following this event, the company will open its first China show room.

Many analysts are skeptical of the move, stating that China is not ready for EV technology. I must be looking through a different kaleidoscope. A lot of analysts have been wrong about many of Tesla Motors Inc (NASDAQ:TSLA)’s moves, but Tesla has proved to be spot on. After all, China is the world’s largest automobile market.

Tesla Motors Inc (NASDAQ:TSLA) also plans on revealing a new Model X, which will hold seven passengers, have storage room, and essentially combine the convenience of a mini van with an electric car. Aside from those things, the car also includes many new features like the “falcon wings” seen above.

The bottom line

I have not been a big fan of the automobile industry, but Tesla Motors Inc (NASDAQ:TSLA) has flipped that thought on its head. Tesla is gaining momentum, selling more cars than anyone thought it could at this point, and is now expanding in China. Its growth has been huge, and the future may be even better.

The article The Only Automobile Manufacturer I Would Invest In originally appeared on Fool.com and is written by Tyler Wofford.

Tyler Wofford has no position in any stocks mentioned. The Motley Fool recommends Ford, General Motors, and Tesla Motors . The Motley Fool owns shares of Ford and Tesla Motors. Tyler is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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