Tesla Motors Inc (NASDAQ:TSLA) has been overwhelmed by a review of its Model S. The sedan from Tesla Motors Inc (NASDAQ:TSLA) is a first effort from the company to target the broader mass of customers through its electric cars. Since the launch last year, the company sold 5 Tesla Model S cars, which has over performed the expectations of the company. The Sedan was also given the almost perfect ratings from the consumer report magazine.
The Praises: Tesla Model S
Kevin Baille who is the co-founder of visual effects company, said that when he sat in the car he felt very familiar and very soon he realized that it is like Star Trek. Tesla got the much needed support of a car buff.
“When I got into my car, I thought, ‘wait a minute, this looks like something from the movie I just worked on,” said Baillie. “It’s like Star Trek.”
Bill Ford, Executive Chairman of Ford Motor Company was all in praise for Tesla and said that it is a tough task to establish a company primarily in the auto business and then become successful.
The Industry Experts, investors and analysts, are all shocked alike on the growing demand of Tesla Motors Inc (NASDAQ:TSLA) Model S. The industry experts are positive on Tesla Motors Inc (NASDAQ:TSLA) but have also released the caution that model S is priced at $70,000 prior to federal tax credit and so only the richest 10 million households in the United States can buy this car, even after the new financing deal from Tesla Motors Inc (NASDAQ:TSLA).
The shares of Tesla Motors Inc (NASDAQ:TSLA) surged 36 percent to an all time high of $75.77, when apart from getting the approvals of car fans like Baille it also posted the first ever quarterly profit. The shares of Tesla are trading almost four times higher from the IPO priced at $17 in 2010.
What lies ahead for Tesla?
The electric car company needs to get the positive feedback and success on its Model X crossover, which will be launched next year. The other third generation car will be launched by 2017, which will be priced between $30,000 and $35,000.
Tom Gage, the former CEO of AC Propulsion said that the car companies just not make one good car; rather they have to continue this streak in order to become the real car company.
Tesla Motors Inc (NASDAQ:TSLA) is looking forward to sell a total of 21000 Model S cars globally. This new target is a surge of 5 percent from the previous target of 20,000. There are investors who are skeptical about the Model S to reach 20,000 sales figures.