Tesla Nabs 8% of the U.S. Luxury Car Market

fool.com ^ | August 4, 2013 | Chris Neiger

[mylife]

It just shows that rich people cam afford luxury toys.

[shove_it]

High rollin’ libs with more money than brains.

[ckilmer]

Yeah but what happens to the price of oil if electric cars grab an ever larger piece of the automobile pie.

[Gay State Conservative]

I don’t believe that for a minute.Mercedes,BMW,Audi,Lexus,Infiniti,Acura,Cadillac,Porsche only have 92%.Sounds like absolute BS to me.

[Army Air Corps]

Ping.

[Fee]

If EV do not require gov subsidies to compete and consumers can afford one without tax breaks, then it is viable industry. All this assumes gas prices remain unchanged. It could go the other way, down due to less gas powered vehicles. EV has to compete and survive that possibility. Wonder what happens to the gas tax revenues for fed gov and states as EV become more common. Big gov types are already working on revenue alternatives as we speak.

[Jack Hammer]

The pipe dream of an electric car dies hard among the wealthy, eco-loonies of the Hard Left.

[Gay State Conservative]

Oh,it's against certain *models*.Still sounds fishy to me.I routinely see the Mercedes S,the BMW 7 and the Audi A8...as well as the Porsche Panamera and the Lexus LS450...on the highways and byways that I travel.But I have never,never,*ever* seen a Tesla on the road.I see one almost daily at the “dealership” located at a nearby mall I frequent.But that dealership is *empty* just about every time I pass it (I'm a mall walker so I see it regularly).

[hlmencken3]

I don’t believe it either, by the accepted standards of what constitutes the luxury car segment.

On the other hand, of those with around $100,000 or more to spend, it may be that one of every 12 or 13 may be choosing a Tesla, but even that seems unlikely.

I’ll wait for confirmation from traditional industry sources.

[Carriage Hill]

I'm not, and am still driving my pristine 2002 Jeep Grand Cherokee 'Laredo', with almost 300k on it. Too many doo-dads, gadgets and electronics in the new ones.

[Charles Martel]

I don’t believe that for a minute.Mercedes,BMW,Audi,Lexus,Infiniti,Acura,Cadillac,Porsche only have 92%.Sounds like absolute BS to me.

I agree, it sounds unlikely. I'd say they have the decimal in the wrong place. I could believe Tesla having .8 % of the market. Maybe.

[morphing libertarian]

I have seen 2-3 Teslas in orange county ca. Drive through about onece a week. I think there is a dealership on the coast Hwy in newport beach.

But the other models you stated are all over the place, including San Diego where i do most of my driving.

I am a supporter of electric cars and hope they can make it on their own. I also support more oil production in the US. Anything other than oil from the middle east or venezuela.

[Carriage Hill]

With 0scumbag shutting-down scores of coal-fired power plants, how are they going to charge the EV cars? Windmills?

[nascarnation]

Some robust engineering there for sure, but I sold mine because of the terrible gas mileage. My Caddy SRX gets 4 or 5 mpg more than the old Jeep did.

[Digger]

Yeah but what happens to the price of oil if electric cars grab an ever larger piece of the automobile pie

Nothing much will happen. If by some means the true market forces work this corrupt government will just tax it more.

[preacher]

[nascarnation]

Coal is at 37% of US electric generation and dropping fast.

[shove_it]

Our antiEnergy Dept. will devise a mandatory receptacle and plug with a meter to collect tax on EVs.

[ckilmer]

I don’t believe that for a minute.Mercedes,BMW,Audi,Lexus,Infiniti,Acura,Cadillac,Porsche only have 92%.Sounds like absolute BS to me.

I agree, it sounds unlikely. I’d say they have the decimal in the wrong place. I could believe Tesla having .8 % of the market. Maybe.
..........
They’re talking about Tesla having 8% of the luxury car market in the USA. Tesla sold about 10,000 cars last year. So that would make the luxury car market total at around 120,000 cars last year in the USA.