Is Tesla Motors Inc (TSLA) Giving The Battery Car Market a Boost?

With the popularity of Tesla Motors Inc (NASDAQ:TSLA) vehicles growing by the day, the number of news stories is following closely behind. For example, we brought you this story last week. More and more people are interested in what this company has to offer, including both consumers who want to buy a Tesla as well as investors.

One question that many find themselves asking is this: is Tesla Motors Inc (NASDAQ:TSLA) really doing as much for the battery car market as it appears from the outside?

To get a definitive answer, we don’t have to look any further than this recent piece from Automotive News: Ford, Tesla drive healthy volume gains for battery cars in first half

In this piece, we get a better idea of just how much progress the company has made as of late and how it is impacting the battery car market as a whole.

While there are other companies that are doing just as much for the market, such as Ford Motor Company (NYSE:F), Tesla is definitely getting a lot of the attention.

Here is an excerpt from the Automotive News article:

“Ford Motor Co.’s expansion of hybrid and plug-in models and demand for Tesla Motors Inc.’s luxury battery sedans helped electric-drive cars and trucks grow faster in the United States in the first half than even surging pickup trucks.”

As you can see, Tesla is getting some credit for the expansion of the market. While this is good news for the company, the article goes on to add some more information that is not quite as exciting:

“Tesla, which led North American rechargeable auto sales in the first quarter, topping GM’s Volt plug-in and Nissan Motor Co.’s battery-electric Leaf, may have relinquished its volume lead in the first half.

The electric-car maker led by billionaire Elon Musk may have sold 8,931 units of Model S, priced from $69,900, this year through June, according to an estimate by Woodcliff Lake, New Jersey-based Autodata.”

Since Tesla Motors Inc (NASDAQ:TSLA) does not report sales on a monthly basis, it is difficult to get a solid grip on where the company stands and how it is impacting the market as a whole.

With Tesla Motors Inc (NASDAQ:TSLA) tripling so far this year, investors are definitely warm on what the company has to offer and the direction in which it is being steered.