Tesla said it sold 4,900 Model S sedans in the quarter. The company said March 31 deliveries of the car exceeded 4,750 in 2013’s first three months, better than a prior forecast of 4,500. Full-year Model S deliveries should total about 21,000 vehicles, up from an earlier 20,000-unit goal, the company said.
By comparison, Fiat delivered 1.02 million cars and trucks worldwide in the first quarter. Revenue for the quarter totaled 19.8 billion euros ($26.1 billion).
Elon Musk now has a net worth of about $4 billion.
The Tesla model S has the highest ever Consumer Reports rating of 99 In the past, the Lexus LS has also achieved a score of 99. Tesla does not get a recommended buy rating until there is more real world reliability data.
Tesla still lags behind smaller Japanese automakers, including Mazda Motor $10 billion market valuation and the $15 billion for Fuji Heavy Industries, the maker of Subaru cars.
Tesla is dwarfed by Detroit-based General Motors (GM) at about $44 billion and Ford Motor (F) at about $55 billion. The market valuation of Toyota Motor, the world’s largest automaker by vehicle sales, is about $200 billion.
Porsche has a market value of $12 billion and is a model of what Tesla could be like in 2-3 years in terms of profitability and sales volume. Porsche sells about 130,000 cars and makes about $2 billion in profit.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks