Tesla Motors is on quite a roll: Not only did the small electric car maker sell 4,750 Model S sedans in the first quarter of 2013 (eclipsing the Chevrolet Volt and Nissan LEAF), but it outsold the Mercedes-Benz S-Class (3,077 units), BMW 7 Series (2,338 units), and Audi A8 (1,462 units) as well.

Equally impressive is the fact that Consumer Reports has awarded the Model S 99 out of 100 points, and said it’s the best car the magazine has tested since 2007.

Wait, there’s more: On May 10th, the day after Tesla reported its $11 million first-quarter profit, the stock price per share exploded from $35 to $76.70.

According to John Casesa, an investment banker with Guggenheim Partners in New York, Tesla CEO Elon Musk has done the impossible: create a profitable automaker from scratch.

The 41-year-old Musk, who co-founded Paypal and SpaceX, seemingly turns everything into gold, which is why Tesla’s future looks as bright as Fisker’s looks bleak.

Source: Automotive News

Tesla Model S front 3/4 view
Photo: Tesla

By Auto123.com