Tesla outsells Porsche, Yes, it's a small share of the California car market, but Tesla Motors (TSLA) sales in the Golden State are supercharging.
In fact, sales of Elon Musk's electric car have surpassed Porsche, Jaguar, Volvo, Land Rover, and Lincoln, according to new figures from the California New Car Dealers Association.
Year-to-date, the luxury carmaker has sold 4,714 cars in California, versus 4,586 for Porsche (OTCPK:POAHF), 1,254 for Jaguar, 2,982 for Volvo (Stockholmsborsen:VOLV.B-SE), 4,022 for Land Rover, and 2,230 for Lincoln (NYSE:F).
Tesla also has outsold Fiat (Milan Stock Exchange: F-IT) (3,898), Buick (GM) (4,675), and Mitsubishi (2,939) this year in California.
In percentage terms, Tesla sales zoomed 3,3571 percent in California compared to the period a year ago. That's because it had sold just 14 cars in the period of 2012.
Toyota Motor (Tokyo Stock Exchange: 7203.T-JP) and Honda Motor (Tokyo Stock Exchange: 7267.T-JP) are California's biggest seller this year, at 157,035 and 100,416, respectively.
Tesla shares have gained $16 billion in market cap this year, more than the total market cap value of about half of the S&P 500 components.
-By CNBC's Marty Steinberg
Tesla outsells Porsche news via finance.yahoo Tolong Share ya ^^