Tesla Moves Into the Passing Lane

By Travis Hoium – May 21, 2013 at 2:02PM

NASDAQ: TSLA

Tesla

Market Cap

$517B

Today's Change

(12.06%) $17.45

Current Price

$162.13

Price as of April 24, 2024, 4:00 p.m. ET

Maybe you can make money selling electric vehicles?

Tesla Motors (TSLA 12.06%) is turning skeptics into believers, proving that you can make money selling nothing but electric cars. With its sights set on a 25% gross margin, the profits Tesla could rake in are mind-blowing for the auto industry. The Motley Fool's Erin Miller sat down with Fool.com contributor Travis Hoium to see what impresses him about Tesla right now.

Erin Miller has no position in any stocks mentioned. Motley Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool recommends Ford, General Motors, and Tesla Motors. The Motley Fool owns shares of Ford and Tesla Motors. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.