Tesla Motors Inc (TSLA) Pops: Here’s What You Need To See

Tesla Motors Inc (NASDAQ: TSLA)Electric-car manufacturer Tesla Motors Inc (NASDAQ:TSLA) is having the ride of its life so far in 2013. Today, investors pushed Tesla Motors Inc (NASDAQ:TSLA) stock to a fresh 52-week high of more than $55 a share. Not to mention, the stock has gained more than 62% since the start of the year. So why are investors hot for Tesla stock lately?

For one thing, Tesla recently unveiled its new “no-fault” battery warranty. The nearly foolproof warranty covers just about everything outside of personal assault, for example “taking a blow-torch to the battery pack, blowing it up, or using it for target practice,” in the words of Tesla’s CEO Elon Musk.

In fact, Tesla Motors Inc (NASDAQ:TSLA) will cover the battery pack under this warranty even if the owner neglects to have the car serviced on a regular basis. This is quite accommodating for a start-up company that doesn’t benefit from the same economy of scale as traditional automakers.

VIP service for all
Additionally, Tesla also revealed upgradable cars and vehicle loaners as part of the company’s new service package. Let me explain: Model S owners can now loan a Tesla Model S Performance sedan or Tesla Motors Inc (NASDAQ:TSLA) Roadster when their car goes in for service. And by “goes in” I mean a Tesla specialist will deliver the loaner to your home and cart off your car for servicing. Additionally, the company scrapped its $600 annual service fee and is offering free service for life.

It gets better… Tesla Motors Inc (NASDAQ:TSLA) is now giving Model S owners the option to purchase its loaner cars at a discount. Specifically, drivers can upgrade to Tesla’s performance Model S sedan at a depreciation rate of one percent per month of age and $1 per mile listed on the odometer, according to CNET.

Not your typical auto stock
From its valet pickup and delivery service to its eight-year foolproof battery warranty and upgrade options, there’s little wonder why Tesla Motors Inc (NASDAQ:TSLA) stock is soaring to new heights. Ultimately, I think these initiatives will attract new customers to Tesla and continue to push the stock higher.

The article Tesla Stock Soars: What Investors Need to Know originally appeared on Fool.com and is written by Tamara Rutter.

Motley Fool contributor Tamara Rutter owns shares of Tesla Motors. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!