Tesla (TSLA) Active as GM's (GM) Volt Shows Improving Sales Numbers
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Tesla Motors (Nasdaq: TSLA) is pulling back a little Wednesday following a nice upward move from the middle of August.
Followers might have a little more reason to be positive on the company today as electric vehicle sales have become that much more commonplace. With its monthly report today, General Motors (NYSE: GM) disclosed that 3,351 Chevy Volt's were delivered in August, up 18.4 percent over the prior year. YTD Volt deliveries are up 11.1 percent to 14,994 units.
Even with the Volt at half the price and having a vastly larger distribution network when compared to the Tesla Model S, sales have been laggy. Through the first-half of 2013, Volt deliveries were at 9,855 units and Tesla said Model S sales hit 9,900 units.
Still, improving Volt numbers will bode well for both companies moving forward. That is, until Tesla introduces a lower-cost vehicle in the Model X within the next year or two.
Shares of Tesla are down 1 percent.
Followers might have a little more reason to be positive on the company today as electric vehicle sales have become that much more commonplace. With its monthly report today, General Motors (NYSE: GM) disclosed that 3,351 Chevy Volt's were delivered in August, up 18.4 percent over the prior year. YTD Volt deliveries are up 11.1 percent to 14,994 units.
Even with the Volt at half the price and having a vastly larger distribution network when compared to the Tesla Model S, sales have been laggy. Through the first-half of 2013, Volt deliveries were at 9,855 units and Tesla said Model S sales hit 9,900 units.
Still, improving Volt numbers will bode well for both companies moving forward. That is, until Tesla introduces a lower-cost vehicle in the Model X within the next year or two.
Shares of Tesla are down 1 percent.
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