Tesla Stock Price: There is no denying the fact that Tesla Motors Inc (NASDAQ:TSLA) is doing big things. A growing number of consumers are becoming interested in the company’s vehicles. Along with this, its stock price has soared as of late.
While we cannot speak for each and every auto manufacturer, there is some proof that Audi is none too happy with the praise that CEO Elon Musk and his Tesla brand is receiving.
Here is a blog post from the official Audi of America website: Not so fast to put Tesla on that particular pedestal
While the entire post is well worth reading, here is what you really need to know:
“Investors, press and a lot of front-runners are enthusing over the progress of Tesla in selling all-electric vehicles, and doing so profitably, when other EV brands are faltering. But some reports are giving Tesla too much credit.
A headline on CNNMoney.com this week, for instance, said “Tesla sales beating Mercedes, BMW and Audi.”
But the fact is that Tesla’s reported sales of 4,750 units of its Model S electric car in April were less than half of Audi of America sales of 13,157 vehicles in the month, which represented a 16-percent rise from a year earlier. BMW and Mercedes-Benz sold even more than that.
The story’s misleading headline came from the fact that Model S did outsell at least one of each of the German luxury brands’ models that are in the general price range of the Tesla vehicle. Audi A8 sold 1,462 units in the U.S. in April, for instance.”
Now what do you think about Tesla Motors Inc and how it stacks up against the competition? Do you believe the company is getting its fair share? Or do you believe that the press, among others, are talking up the company when its competitors are actually performing at the same level or better?
If you are interested in a different take on the story, you can read the opinion of Automotive News here.
It is interesting to see what the competition thinks of Tesla Motors Inc. While other companies have yet to speak out, it is safe to say that Audi has a beef.
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