It seems California has left other luxury car brands for the Tesla Model S. CEO Elon Musk has said the company simply cannot produce enough cars, Ciaccia said.
He thinks the company is doing the right thing by building out the super-charger stations now, since there are only about 27 of them in the country. However, within a few years, there's expected to be around 300 stations in the United States. He suggested that this should help eliminate any range anxiety from potential buyers.
Borchardt expressed concern about other states not catching on to Tesla's allure as California has done. Ciaccia thinks it'll do just fine. He compared the company's brand building to that of Apple's (AAPL).With surging equity markets, people returning to work, and consumers willing to make bigger purchases, he concluded that Tesla could continue to see rising demand, especially from higher income families. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell