Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk knows a thing or two about positioning his company for success. However, there are times when he doesn’t have to do any of the work on his own. Instead, the product takes care of this for him. That is why the competition, including Ford Motor Company (NYSE:F) and CEO Alan Mulally, should be worried.
The good news keeps on coming for Tesla. This time around, its Model S was given an overall five-star rating by the National Highway Traffic Safety Administration.
This model received the highest possible score on frontal crash, side crash and rollover tests according to the NHTSA website.
The Model S is not the first car to ever score this high on the test. That being said, this was the first government crash test for this model and things could not have turned out any better.
Is this what you Expected from Tesla Motors Inc (NASDAQ:TSLA)?
Ford Motor Company (NYSE:F) has had its share of safety issues in the past. However, the company has turned things around as of late and a growing number of consumers are turning to them thanks to their long standing track record of success.
Tesla doesn’t have a track record of manufacturing safe vehicles. Up until now, the company stood primarily on the fact that its Model S is one of the most fuel efficient (and sports inspired) cars on the road.
Now, the company has even more to tell the public.
As noted by Gabe Nelson of Automotive News, this is another bright spot for Tesla Motors Inc (NASDAQ:TSLA). Of course, the other bright spot at this time is the fact that the company “posted a $30.5 million net loss for the second quarter, beating analysts’ expectations.”
Ford Motor Company (NYSE:F) is doing its own things in the electric car space, and has had some success. While their vehicles are not in the same price range as the Model S (for now, at least), there is still competition between the two companies as well as many others.
With these results, Tesla Motors Inc (NASDAQ:TSLA) was able to excel where other new automakers have ran into issues. As noted by Automotive News, “the sedan made by fellow EV startup Coda Automotive received a two-star rating on NHTSA’s frontal crash test.”
This has not been an issue for Tesla, making it somewhat of an issue for Ford Motor Company (NYSE:F).
With things continuing to go well for Tesla, these hedge fund managers have to be excited about their position in the company: William Duhamel, Drew Cupps, and Eric Bannasch.
For more on the Model S, check out the video below: