May 07, 2024 | Updated: 11:35 AM EDT

Tesla Incorporated Is Creating a Solar-Powered Transportation, Ford Motor Company's Stock Drips

Apr 04, 2017 07:23 AM EDT

The recent report about Tesla Incorporated surprised investors as its stocks rise nearly 6% on Monday due to its electric cars like Model S and Model X. On that account, it alarmed Ford Motor Company, as its stocks shrink 3% for March.

The strong sales came for Tesla Incorporated happened when it delivered 25,418 vehicles in the first quarter of the year. 25,000 of sold vehicles were electric cars like Model S and Model X. While compared to Ford Motor Company, the company just sold more than 617,000 in the first three months, CNN Money reported.

Meanwhile, when Tesla Incorporated introduced its electric car Model 3 this excites a lot of car enthusiasts especially that it costs less than the Model S and Model X. Also, the company said that as early as last year it received 373,000 pre-orders, which investors believed that this could make the auto company more than just a luxury car maker and maybe better than Ford Motor Company.

Though Ford Motor Company produced great cars since 1903, Tesla Incorporated has a lot to offer more that its electric cars, as it integrated its acquisition of SolarCity. SolarCity is also a company run by two cousins of Elon Musk.

Elon Mask points out that Tesla Incorporated isn't just an electric car maker but will soon create a solar-powered transportation. In which, the auto company aiming to be the "world's dominant supplier of clean, autonomous transport" far from Ford Motor Company, Quartz reported.

As of now, Mask is looking forward on how Tesla Incorporated and SolarCity will deliver it to its public. With this, the auto company proved that it is just more than a luxury electric car. How will Ford Motor Company respond with this integrated invention?

Let us know your opinion about it by leaving a comment below. Read more of Droid Report latest tech news!

Real Time Analytics