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In California, Tesla Motor Co. sold more Tesla Model S's in June than ten major auto manufacturers sold from their whole lineups.

Tesla Motors has been making headlines recently, and there is still more good news for the electric car manufacturer. Quartz reports Californians bought more Teslas in June than Buicks, Cadillacs, Chryslers, Fiats, Jaguars, Land Rovers, Lincolns, Mitsubishis, Porsches or Volvos. Tesla's only current model, the Model S, beat each of these manufacturers full lineups in June and captured 12-percent of California's luxury sports category, according to Polk data.

Tesla sold eight units in June 2012. This year, the company has already sold 4,715 cars in California, with 1,097 cars registered in June. Tesla has been riding a wave of good press since paying off federal loans 10 years early. Since then, share prices have shot up to $171.67 by early this afternoon. Tesla recently self-crowned the Model S the "Safest Car Ever," much to the annoyance of the National Highway Traffic Safety Administration.

Tesla's market capitalization--more than $20 billion based on it's August 26 trading price--seems absurd by most measures. After all, the small EV-only company is valued at a higher level than decades-old automakers like Fiat and Peugeot. But some Wall Street analysts and some of those investing are looking at the long-term upside of the Tesla brand. Indeed, the Tesla brand is starting to be looked at as valuable in the non-electric luxury space as well as the growing EV category.

Brian Johnson of Barclays, the bank's auto industry analyst, projects that shares of the automaker could climb close to $300 a share, and suggested the now-niche company could succeed on a much larger scale.




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    • 1 Second Ago
  • 29 Comments
      dowopdave
      • 1 Year Ago
      Doubt that very much!
        John
        • 1 Year Ago
        @dowopdave
        Who wants a car that only goes 250 miles at best before you have to charge it for over three hours? My car gets 41 mpg and I can stop for five minutes to fill my tank up every 400 miles.
          calderasf
          • 1 Year Ago
          @John
          People who only travel under 250 miles a day and enjoy a safe beautiful cutting edge luxury car.
          comment814
          • 1 Year Ago
          @John
          I do! and that would last me 3 days before I have to recharge, how LAZY are you that you cannot plug it in overnight while you SLEEP! idiot!
      • 9 Months Ago
      HI I am Dr. John V Milewski I am looking for the address of Telsa motors headquarters send info to me at jvmilewski@aol.com I will send you my pdf on Superlight and my recent paper on Zero point energy Thanks
      calderasf
      • 1 Year Ago
      So funny how the flat earthers said electric cars wouldn't work.
        The Porter Clan
        • 1 Year Ago
        @calderasf
        Funny how you make up your own statement and then accuse others of saying it.......No one said they wouldn't work. There have been electric cars for over a hundred years. Golf courses are full of electric carts. We all know they "work" And we also know they are far from feasible at the moment and if not for milking taxpayers to give credits to those who buy one along with emission credits, car companies could not afford to sell them.....I don't like paying for someone else to buy a car....I guess I am just "funny" about that.......
        comment814
        • 1 Year Ago
        @calderasf
        lol, aint that the truth
      smarttechceo
      • 1 Year Ago
      Gabbo, everyone who has driven or ridden in my Tesla desperately wants one of their own. You are looking at the future of the automobile industry, so try not to embarrass yourself by making dumb comments.
        outsidehammer
        • 1 Month Ago
        @smarttechceo
        Just a toy for the rich, the future of the automobile industry isn't in super high end sports cars, it's in dependable, affordable cars.
          hmadden
          • 1 Year Ago
          @outsidehammer
          You could have said the same thing about air conditioning, power brakes, disc brakes, car heaters, etc. Most of the features that we now consider "necessary" in our "dependable, affordable cars" were first seen in luxury automobiles. Your statement indicates that you know little about either the history or dynamics of the automobile industry, or how the free enterprise system actually works.
          calderasf
          • 1 Year Ago
          @outsidehammer
          They chose to start with a high end car cheaper cars to follow without all the luxury.
      • 1 Year Ago
      "obama doesn't pick winners and losers... he just picks losers" LOL another attempt to make us believe this car company is going anywhere. IT'S A FAILURE - JUST LIKE THIS PRESIDENT. A COMPLETE FOOL AND DEGENERATE LIKE HIS VOTER BASE. read the last sentence of this silly article "it could work on a bigger scale"... in other words, ITS A FAILURE.
        • 1 Year Ago
        Now if only you were a failure, perhaps *you* could be a two-term president, or maybe *your* company would be worth twenty billion dollars. But as you're such a big success, all you can do is post angry illiterate nonsense on the Internet. President Obama must envy you your success, or at least I bet he would if he'd ever heard of you.
        calderasf
        • 1 Year Ago
        yep this is all about the president not economics and building a better car.
        comment814
        • 1 Year Ago
        sound like to me that YOUR the failure, and your just jealous of someone else's success!
      aeromotivedist
      • 1 Year Ago
      As the Tesla builds its loyalty---watch out for the other manufacturers who have saturated dealer networks world wide.I have been in the automotive field since 1963,and will be surprised if the other companies don't notice the Tesla movement, and have already made plans to build less expensive "knockoffs"should the need arise.DO NOT underestimate the "BIG BOYS"
      nitecinc
      • 1 Year Ago
      Better batteries are coming in the next few years, like lithium-sulfur, carbon based super caps or any of a dozen other types. Some types offer over 10 times the power and are 8 times faster to charge, with less weight and a fraction the cost of what we have today "sulfur and/or carbon is cheap." I am sure one or more will take off. Think about it, you pull up to get a cup of coffee and in front of the cafe' is a power station, swipe you card, plug in you car and in 10 minutes you can go another 700 miles for $10 or $15. When it happens the tax breaks will fade away and Tesla will be positioned to make the most of it.
        calderasf
        • 1 Year Ago
        @nitecinc
        Since these are mostly city cars where you park when you get that coffee?
          comment814
          • 1 Year Ago
          @calderasf
          how stupid are you? city cars? always cracks me up to hear from STUPID people
      Gabbo
      • 1 Year Ago
      Tesla is a house of cards ...once their target market of do-gooding rich folks are satisfied, few will remain with the financial gravitas to spend so much on a vehicle with such limited practicality. Enjoy it while it lasts; the bloom will be off the rose shortly.
        calderasf
        • 1 Year Ago
        @Gabbo
        So how many trips a day do you make over 250 miles?
        comment814
        • 1 Year Ago
        @Gabbo
        your thinking is a 'house of cards' sounds like your just jealous of someone else who is making more money then you can count
      John
      • 1 Year Ago
      They will soon run out of high income purchasers and will not be in business much longer. Good. American taxpayers can't afford this luxury feel-good car. "First, there’s the $7500 taxback bonus that every buyer gets and every taxpayer pays. Then there are generous state subsidies ($2500 in California)". Tesla didn’t generate a profit by selling sexy cars, but rather by selling sleazy emissions “credits,” mandated by the state of California’s electric vehicle requirements. The competition, like Honda, doesn’t have a mass market plug-in to meet the mandate and therefore must buy the credits from Tesla, the only company that does. The bill for last quarter was $68 million. Absent this shakedown of potential car buyers, Tesla would have lost $57 million, or $11,400 per car. As the company sold 5,000 cars in the quarter, though, $13,600 per car was paid by other manufacturers, who are going to pass at least some of that cost on to buyers of their products.
        comment814
        • 1 Year Ago
        @John
        'They will soon run out of high income purchasers and will not be in business much longer.' looking into your worthless crystal ball again! what an idiot,, did you know there are always NEW people whoachieve wealth! please pick your nose, maybe then you can see past your own dirt
      impactvqi
      • 1 Year Ago
      Teslas are amazing machines. Awesome to look at, cool to show off, and awesome to drive, but until they can make a better battery that will lasts longer and charge faster, most would-be car-owners would want the ability to have a comfortably, conveniently, and reliably transport for oneself for driving from city to city without living in fear that the battery will die and leave car and driver stranded. for most people, the benefits don't justify the price.
      • 9 Months Ago
      I want to write to the management of telsa motors and want their mailing addtess
        • 9 Months Ago
        Hi I forgot to add my e mail address jvmilewski@AOL>COM
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