The epic rise of Tesla Motors seems almost impossible to believe. Yet just a year into production of its first original design, the Model S, Tesla Motors has managed to grab 8.4% of the U.S. luxury car market. No wonder Wall St. loves Tesla.
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Right on time for a Christmas miracle, the shining star of the electric vehicle movement has perhaps what is the best news for EV owners and advocates all over the world. Last week, for the first time in almost a decade, the CEO of Tesla Motors Elon Musk tweeted that the electric car company had its first cash flow-positive week.
The Internet has revolutionized everything, from the way we shop to the way we date. But one thing the Internet has not done is change the way we buy cars. Tesla Motors is trying to emulate the success of Apple by eschewing dealership franchises in lieu of direct sales. This has some dealership associations suing, though their lawsuit could have the opposite effect.