Tesla, the electric car manufacturer, announced that sales volumes in the fourth quarter of 2018 in the United States reached more than 90 thousand cars, with at least half a million people spending at least $1,000 around the New Year’s Eve to reserve their right to buy a Model 3. The company saw growth of more than 8% in Q4 compared to the previous quarter.
Tesla is an American company specializing in the manufacture and sale of electric vehicles. It was established in 2003 and is currently listed on the NASDAQ 100. Although relatively small in terms of name and history, it has surpassed the market value of traditional value-added companies in the automotive sector, such as Ford Motor Company. The company’s market value in the third quarter was $61 billion and the current share price was $318. Experts believe that long-term global demand will increase the purchase of electric vehicles belonging to the company. Indeed, the company is poised to achieve significant growth in revenues and profits, especially with the global trend to phase out the use of conventional car fuel.
The electric car market is a new market generally speaking, but Tesla has become the reference company for this type of car. Thus, it has undoubtedly became a significant and credible brand amid investors around the world. Investors have also supported the company’s new vision of eco-friendliness, increasing its equity and thus increasing the attractiveness of investing in the company’s shares.
Because electric cars are needed worldwide, Tesla is ahead of all its rivals with the design and unique manufacturing of their vehicles. Investors believe the company will maintain its value in the market and its strength in the automotive sector for a long period of time.
Tesla may be run by one of the greatest geniuses in the world, and it exists to save humanity and the existence of life on this planet, according to many fans of the company. Tesla enthusiasts believe that the company makes the best cars ever, and their products are in in the category of the most successful innovations in human history such as the iPhone. Those who buy Tesla shares are usually smart, educated, enthusiastic investors. That is, the Tesla owners community is a very special group of people.
The company is set to deliver 1.9 million vehicles this year, accounting for about 2% of total global car sales. Many believe that Tesla’s share of the global auto market will rise to at least 20% by 2025. If these estimates are correct, this would mean the delivery of 20 million Tesla cars in 2025.
Tesla will certainly have strong competition from the world’s largest conventional car manufacturers, but investors should remember that Tesla Model 3 was the best selling car in the United States in terms of revenue in the third quarter. Toyota, Honda and Ford have thus advanced.