Tesla Motors Inc (NASDAQ:TSLA) is one of the most watched stocks as the company tends to disrupt the peace in the automotive industry, which is very aggressive towards newcomers because incumbents like General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) have more than one century of experience in producing vehicles. From a year to date perspective, Tesla Motors Inc (NASDAQ:TSLA) produced 10,335 cars, which is almost 3,000 or 26.3% less than the same metrics for its previous year, according to WardsAuto representative at CNBC. However, Elon Musk reported an increase in sales of about 65% for the month of September.
“We’re pretty confident in the year to date number that Wall Street Journal quoted and you really shouldn’t look at just one month a trend anyway, whether the numbers are estimated or actual. You really need to look at a company over a longer term than that,” expressed David Zoia, WardsAuto editorial director.
Considering the fact that Tesla Motors Inc (NASDAQ:TSLA) has a slump is sales, the company’s been doing poorly in terms of promoting its products, despite the numerous new features embedded in the newest vehicles. The company even released a happiness guarantee policy that would allow returning a Model S for those unsatisfied with the Tesla Motors Inc (NASDAQ:TSLA) experience. In any case, not all hope is lost as there seems to be some glimpse of light shed on the the Dearborn, Michigan-based automaker.
“If you look at their global sales, in even our data they’re up 8% year to date through September worldwide. So, you’re seeing a lot more emphasis on the international markets right now and that certainly could be an effect. There’s also more competition here, in the US market, from some of the mainstream players,” said David Zoia.
We’re all expecting the date of November 5 to get a look on the numbers in the earnings release offered by Tesla Motors Inc (NASDAQ:TSLA) and that could allow us get a better understanding on how the company’s doing. There are sources pointing out some flaws in the numbers provided by WardsAuto, so it might be the case that media hyped on the wrong information.
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