Does This Mean Tesla Will Crush Earnings Estimates?

By Tim Beyers – Nov 4, 2013 at 7:45PM

NASDAQ: TSLA

Tesla

Market Cap

$543B

Today's Change

(4.96%) $8.05

Current Price

$170.18

Price as of April 25, 2024, 4:00 p.m. ET

A new report finds the Model S a top choice among America’s richest.

Sales of Tesla Motors' (TSLA 4.96%) highly regarded Model S may be tracking even better than expected, Fool contributor Tim Beyers says in the following video.

According to new research from auto tracker Edmunds, the Model S is the top-selling car in eight of America's 25 richest zip codes. Not entirely surprising when you consider that Tesla is a premium brand, Tim says.

Yet it's also impressive when you consider that these same zip codes -- all eight are located in Tesla's home state of California -- have historically been well-served by BMW, Mercedes, and other luxury brands. The message? Just as Apple is for computer and device shoppers, Tesla has become a leading aspirational brand among car buyers.

Will that translate to higher earnings and guidance when Tesla reports third-quarter financial results tomorrow? Tim answers this question and more in the video. Please watch now and leave a comment to let us know where you stand.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He didn't own shares of any of the stocks mentioned in this article at the time of publication. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of 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.