Tesla's run of excellence continues
The carmaker's Model S receives the highest safety award from the US government.
Tesla Motors' (TSLA) string of positive press doesn't stop just in the private sector, it travels all the way to Washington.
Late Monday, the National Highway Traffic Safety Administration (NHTSA) awarded the Tesla Model S a 5-star safety rating in every subcategory, a rating that just 1% of all federally tested cars achieve. In a press release, the NHTSA noted that although it doesn't publish ratings above 5, the Model S managed to get a 5.4 rating in overall Vehicle Safety Score (VSS), a new record.
Perhaps even more incredible than the Model S achieving off-the-chart records in safety is the fact that the roof is so strong -- four additional fully loaded Model S vehicles could be placed on top of the car before the roof caved in.
According to the release, "Of note, during validation of Model S roof crush protection at an independent commercial facility, the testing machine failed at just above 4 g's. While the exact number is uncertain due to Model S breaking the testing machine, what this means is that at least four additional fully loaded Model S vehicles could be placed on top of an owner's car without the roof caving in. This is achieved primarily through a center (B) pillar reinforcement attached via aerospace grade bolts."
And more incredible still, the lithium-ion battery that powers the Model S and the Tesla Roadster has never caught fire -- despite several high-impact crashes.
The press release from the NHTSA is just the latest in a string of positive reports for Tesla, as it continues to reshape the electric car market and automotive sales in general. Earlier this year, Consumer Reports gave the Model S the highest score ever for a car it has tested. Consumers are responding as the company continues to sell more Model S cars than it can make. These announcements have helped the stock, which is up another 2% Tuesday on the back of the NHTSA press release.
In the second quarter, CEO Elon Musk noted that Tesla was still supply-constrained, despite having delivered 5,150 Model S units (TheStreet). For the second time in its history, Tesla was profitable, earning 5 cents a share on $405 million in sales.
The Model S continues to blow past the wildest expectations of industry observers. If there were any safety concerns that potential buyers had before buying the car, they are likely alleviated from this analysis. Tesla, perhaps unlike any company in technology and certainly automotive, has managed to exceed expectations time and time again and is reshaping the electric car market one Model S at a time.
That's certainly being seen in the stock, which has had a tremendous run since the start of the year.
Tesla has seen incredible demand for its Model S (TheStreet). Now its customers can be assured they are buying a car that not only looks and performs incredibly well, but also is the safest one out there.
More from TheStreet.com
The Tesla Roadster base model costs $63,000. The fast one costs $109,000. Not exactly a car priced for the middle class yet every one sold gets a $7,500 federal tax credit as well as state tax credits ($2,500 in California and $4,000 in Illinois). Basically, the middle class taxpayer subsidizing rich liberals who want to feel good about what they drive.
Not going to argue the tax policy or credits....But I still don't understand valuation in the Company.
What happens when tax credits go away....And/or
They reach a saturation point of vehicles bought.
They are what I call overpriced for the performance you receive..
May sound like sour grapes, because I don't own one nor any of their Stock..
Don't need to...So I don't care.
he libs only the rich can afford this riDICulosly expensive car...what you got to say 'bout that little fact huh? you vermin...you vial morose wastes of human life!....
anyway....that goes 55min on one charge so better just go 'round the block cuz you can't drive inter-stately with this electric tinker toy...well, you can but you'd better bulk up first cuz you'll be pushing the fckin' thing home!!
Copyright © 2014 Microsoft. All rights reserved.
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.