What rather came as a surprise to most of the automotive experts, the sales of Tesla Motors Inc (NASDAQ:TSLA)’s Model S surpassed that of Leaf electric vehicle from Nissan Motor Co Ltd (ADR) (OTCMKTS:NSANY) for the month of December, as per Inside EVs research. Majority of the auto experts have rejected these figures stating it as an overestimation.
The fresh estimates from Inside EVs show a sale of 3,500 Model S cars for Tesla against the sale of 3,102 Leaf EV from Nissan, which is quite difficult to believe considering the affordability of Leaf EV. While talking about the same, Jay Cole, Chief Editor at Inside EVs, mention in an email,
“Tesla is a pretty small piece of the automotive pie, relatively speaking, so I don’t think the other industry groups follow them too closely. For us, Tesla is a big part of a very small segment, so we do.”
However, other famous car sales trackers estimate a far lower sales figure for Tesla Motors Inc (NASDAQ:TSLA). According to the analysts at Cowen, the electric carmaker sold 1,900 Model S vehicles in December whereas Motor Intelligence estimates the figure of 1,600. Getting the right estimates for monthly car sales is guesswork as the company releases delivery figures per quarter.
What makes these figures unrealistic is the high cost of EVs from Tesla. The basic Model S sells for $71,000 whereas Model S P85D is sold for $104,000. On the contrary, Nissan Motor Co Ltd (ADR) (OTCMKTS:NSANY)’s Leaf is available with the sticker price of $30,000, which makes it highly affordable.
The shares of Tesla Motors Inc (NASDAQ:TSLA) are trading at $210.62 and the company has a current market cap of $26.37 billion. The electric carmaker is eyeing for the launch of mass-market electric vehicle, EV Model 3 and it is likely to come out in 2017.