Tesla Investor Advises Competitors to Focus on Flying Cars image

An investor in Tesla gives an advice for the automaker’s competitors, that of focusing on flying machines since they would never be able to keep up with Tesla when it comes to EVs.

Currently EV sales account for a small percentage of the global sales, but automakers are beginning to focus more on manufacturing these vehicle. GM has the Chevrolet Volt, Nissan has the Leaf, and Tesla came up with the Model S sedan. Tim Draper is the founder of venture capital firm Draper Fisher Jurvetson and the one who helped the automaker at the beginning.

According to Draper the Model S sedan and the company’s EVs planned for the near future are bad news for the Detroit Big 3 car makers. Mentioning the price of the Model S, $57,000, Draper advised the other automakers to admit the defeat and move to producing flying machines to surpass Tesla.

“I would be saying, ‘OK, they’ve won this. Now let’s move to flying cars.'”

Draper also said that the Model S is the automaker’s most valuable launch since it is expected to account for 90% of the company’s revenue in 2013. Tesla expects to sell 5,000 Model S by the end of this year and 20,000 units in 2013.