Tesla Model S Might Have Surpassed GM Volt in North America Sales During Q1 image

Tesla’s CEO Elon Musk said that the Model S sedan surpassed in sales GM’s Chevrolet Volt so far this year.

Tesla will report its first quarter results on May 8th and analysts predict it will announce at least 4, 750 units sold in the US and Canada, compared with 4,421 units for the Chevrolet Volt and 3,695 units for the Nissan Leaf. The fact that the Model S sold so well will lead to a record first-quarter profit, in fact the highest in the company’s 10-year history.

“Any success for a company in this space is helpful for all other makers of plug-in vehicles,” said Jim Cain, a spokesman for Detroit-based GM. “The single most important thing we can do for plug-ins, to encourage sales, is to have them on the road.”

Tesla began selling the Model S in mid-2012 for the base price of $69,900, and has not expanded yet beyond the North American market. The model can reach 300 miles (483 kilometers) on a single charge, according to CEO Elon Musk. The company plans to sell this year 20,000 Model S vehicles. Last year Nissan and GM sold almost 30,000 Leaf and Volt Evs.

“The Volt is the one that makes sense out of that whole group of plug-ins, because you can use it like a regular car when the battery runs out,” John Wolkonowicz, an independent auto analyst based in Boston.

Source: Bloomberg