Skip to main content

Market Overview

Kelley Blue Book Analyst On 153% Increase In Tesla Model S Registrations In October: 'It Can Be Tough To Evaluate Tesla's Sales Numbers'

Share:

When asked about the 153 percent increase In Tesla Motors Inc (NASDAQ: TSLA) Model S registrations in October, Kelley Blue Book Senior Analyst Karl Brauer told Benzinga that it can be tough to evaluate Tesla’s sales numbers, since they aren’t reported in the same “detailed manner” as other automakers.

The registration data is from IHS automotive. It also revealed that Tesla registrations had been down 22 percent from January to October last year.

Brauer said that it’s easy to understand a decline in sales and deliveries of Tesla vehicles this year while the Model D production updates were occurring. But, Brauer cautioned, there still remains a decline in total sales for 2014 versus the same time last year.

“Does it indicate a long-term trend or just a temporary drop in activity?” he said. “It will be a while before we can answer that because of the delayed reporting schedule of Tesla’s sales.”

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: auto auto sales Karl Brauer Kelley Blue Book TeslaAnalyst Color Exclusives Tech

Latest Ratings

StockFirmActionPT
PHXSeaport GlobalInitiates Coverage On
AFCGLake StreetInitiates Coverage On29.0
OSSNoble Capital MarketsUpgrades7.0
NCNOGabelli & Co.Upgrades
HAECJS SecuritiesUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com