According to the annual Consumer Reports Top Picks issue, Tesla Motors Inc (NASDAQ:TSLA)’s Model S, their sporty, iconic 4-door luxury electric car, has been declared as the best overall vehicle for the second year running. Phil LeBeau reported about the results on CNBC, and discussed the details about the Consumer Reports listing of its top annual auto picks.
“The Tesla Model S has been selected as the best overall model once again, only car to come in with a 99 rating […],” LeBeau said.
Among all of the new vehicles released in 2014, no other car brand was able to dominate in innovation, magnificence and sheer technological prowess like Tesla Motors Inc (NASDAQ:TSLA)’s Model S has, and that’s the main reason it has been declared as the best car once again this year. With the passage of time, cars become obsolete and people lose their interest in year-old models, as they like to go for new cars and try out the newest experiences and enjoy the latest features with updated technologies, but it didn’t happen this year with Tesla Motors Inc (NASDAQ:TSLA)’s Model S because the company has continued to provide its customers with regular software updates the car was launched in late 2012, which made the Model S capable of having all those latest features that the recently manufactured cars could.
Tesla Motors Inc (NASDAQ:TSLA)’s Model S was given a score of 99 with an average reliability score of 3 out of 5. According to the Consumers Reports issue, priced at $89,650, the tested Tesla Model S is a technological tour-de-force, a high-performance electric vehicle with usable real-world range, wrapped in a luxury package. Consumer Reports has been rating individual vehicles since 1997. Only three years ago, the magazine had started rating auto brands based on their reliability and performance in driving tests.
Tesla Motors Inc (NASDAQ:TSLA)’s Model S may have taken the first overall position yet again, but it may have to struggle a bit more in the future, as two tech giants, Google Inc (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL), are preparing to enter into the auto industry and challenge Tesla Motors Inc (NASDAQ:TSLA)’s electric vehicle dominance with their own electric and self-driving cars in the next few years. To retain its position and stay ahead of the competition, Tesla Motors Inc (NASDAQ:TSLA) will have to improve its reliability score and continue to provide those impressive features to its customers, that the other brands will not be able to match.
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