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
TheStreet Open House

How Many $35 Billion Teslas Can We Create?

Stock quotes in this article: TSLA, F, GM, TWX, AOL, NSANY, TM, HMC

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) 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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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