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Morning Buzz: Tesla Motors Inc (NASDAQ:TSLA), Campbell Soup Company (NYSE:CPB)

California has always been the strongest market for Tesla Motors Inc(NASDAQ:TSLA). The company is based in Palo Alto, and the all-electric vehicle has proven to be wildly popular in both Los Angeles and Silicon Valley. The car is a top seller in tiny, tony Atherton.

According to the California New Car Dealers Association, Tesla delivered 8,347 Model S sedans in California in 2013. If you assume that Tesla sold at least 23,000 cars for the year, that makes California responsible for 36 percent of  the company’s sales in 2013.

In January, Tesla pre-announced Q4 earnings and said 6,900 vehicles were sold and delivered. According to the CNCDA, 1,793 vehicles were sold in California in Q4, or 26 percent.

The CNCDA data is based on Polk, which draws from data provided by the Department of Motor Vehicles. So it’s counting deliveries instead of just sales.

But quarter-over-quarter, Tesla sales in the Golden State appear to have  slowed a bit:

Should Investors Buy TSLA At The Current Price? Find Out Here

It could be that more cars are being allocated to other regions to feed growing demand from Europe and China. And Tesla now has sales in all 50 states, including three (!) deliveries in Mississippi.

This isn’t necessarily a bad thing. Tesla doesn’t want to be seen as a company that only makes cars for rich Hollywood stars and Silicon Valley tech moguls. And it’s not. Though the Model S price tag is out of reach for most Americans, the first person to drive the Model S coast-to-coast using the company’s network of free Superchargers was John Glenney of Lexington, Ky.

“As Tesla continues to expand their roll-out both domestic and abroad, there will be less supply for California – their first market,” said Jessica Caldwell of

Campbell Soup Company(NYSE:CPB) reports its simple meals business saw a 7% revenue gain in Q4 to help offset a drop in parts of its international business.Volume/mix added two percentage points of growth while price/sales allowances contributed the same amount.Soup sales were up 5%, although a late Thanksgiving may have been a factor.Gross margin was up 50 bps to 35.7% during the period.The company backed its previously-issued guidance which is a positive considering some of the foreign exchange issues that caused other multinationals to drop estimates.

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  1. Jim February 14, 2014 Reply

    Did a brand-new Tesla spontaneously combust?

    In the Toronto Tesla garage fire it is doubtful that the Tesla charger system is at fault because it allegedly wasn’t plugged in. Tesla offering to pay damages, suggests that the source of the fire was the Tesla model S. I would be interested in seeing the fire department’s investigation. I don’t trust Tesla’s so-called “investigations”, they are more like denial and blame games.

    The Tesla model S. still has defects that make it a fire hazard. Tesla charger connections are still overheating, melting and burning. Tesla batteries are poorly located and poorly protected. Tesla is Junk.

    On 1/9/2014 Elon Musk said that replacement adapters that are part of the recall would be mailed out within two weeks. A month later Tesla customers have still not received the replacement adapters that are part of the Tesla model S. recall.

    Several people have been injured by faulty Tesla charge connectors. Tesla is big on making promises and hype, but short on delivery. Tesla needs to start making safety a top priority. Tesla needs to stop playing blame games and games with semantics. Tesla needs to stop lying. Tesla needs to be proactive instead of reactive. Tesla is being a follower of technology, rather than a leader. Tesla is a greedy corporation that has a disregard for safety. The Tesla model S. is an E-Pinto.

    Tesla and Tesla fan boys have a bad record when it comes to safety. They have a tendency to hype safety, yet they sweep safety concerns under the carpet and drag their feet to resolve safety issues. They often threaten, harass, slander, bully, censor safety advocates, critics and skeptics. That is not a culture of safety.

    Tesla fabricates more excuses than it does cars.

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