This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

How Many $35 Billion Teslas Can We Create?

NEW YORK ( TheStreet) -- I'd love to be a fly on the wall in the boardrooms of the major automakers these days.

With Tesla's (TSLA - Get Report) market cap soaring north of $30 billion (fully diluted close to $35 billion), Tesla could soon acquire General Motors (GM), Ford (F) or some other company and do to Time Warner (TWX) what AOL (AOL) did in 2000.

In other words, it's panic time in Detroit, Germany, Japan and Korea! With that in mind, let's play "Shareholder Creation Wednesday" for the established automakers!

Tesla sold 23,000 cars in 2013 and has guided to 35,000 cars in 2014. That's globally. (These and the numbers below are rounded to the nearest 1,000.)

On the recent earnings call, Tesla said that sales are going to be approximately two-thirds international going forward, so that implies 12,000 cars in the U.S. in 2014. How does that compare to plug-in car sales by the other automakers?

GM: In the U.S. alone, GM sold 23,000 plug-in cars in each of 2012 and 2013. Most of these were Chevrolet Volt. Most recently, the Chevrolet Spark and Cadillac ELR have been added, but sales of those are not yet material.

Ford: In the U.S. alone, Ford sold 15,000 plug-in cars in 2013, up from 3,000 in 2012. These are the Fusion, C-Max and Focus models.

Nissan: In the U.S. alone, Nissan sold 23,000 plug-in cars in 2013, up from 10,000 in 2012. This is the Leaf.

Toyota (TM): In the U.S. alone, Toyota sold 13,000 plug-in cars in each of 2012 and 2013. These are the Prius Plug-In and the RAV4 EV.

In contrast, Tesla sold an estimated 18,000 cars in the U.S. in 2013, up from 3,000 in 2012.

Using the metrics above, very broadly speaking Tesla is selling about as many cars in the U.S. as each of GM, Ford, Nissan and Toyota. The growth rate in 2013 was much ahead of GM and Toyota, somewhat higher than Nissan and barely ahead of Ford.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
TSLA $188.77 -0.94%
AAPL $124.49 -1.50%
FB $82.16 -1.20%
GOOG $548.46 -0.65%
YHOO $44.44 -1.10%

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs