Tesla Says Model S Electric Sedan Receives Top U.S. Crash Rating (Bloomberg)
Tesla Motors Inc (NASDAQ:TSLA), the electric-car maker led by billionaire Elon Musk, said its flagship Model S sedan received the highest crash test ratings of any car tested by U.S. regulators. The battery-powered vehicle, with a base price of about $70,000, got five-star ratings in every safety and crash category set by the National Highway Traffic Safety Administration, the Palo Alto, California-based company said in a statement. The car has the “lowest likelihood of injury to occupants” and exceeds the performance of sport-utility vehicles and minivans, Tesla said late yesterday.
Musk’s ‘Hyperloop’ transport idea has sci-fi feel (IdahoStateJournal)
The concept sounds like something from the comic books that billionaire entrepreneur Elon Musk read religiously as a boy: a capsule that speeds along as fast as sound, carrying people between major cities, never troubled by bad weather or turbulence. If Musk has his way, this will be a reality within a decade. Coming from almost anyone else, the hyperbole would be hard to take seriously. But Musk has a track record of success. He co-founded online payment service PayPal, electric luxury carmaker Tesla Motors Inc (NASDAQ:TSLA) and the rocket-building company SpaceX.
What Detroit should learn from Tesla Motors (QZ)
Better Place founder Shai Agassi has kept a low profile since he was ousted as chief executive of the electric car infrastructure company that burned through nearly a billion dollars before filing for bankruptcy this year. But he emerged today to offer his thoughts on the lesson automakers should learn from the runaway success of rival electric carmaker Tesla Motors Inc (NASDAQ:TSLA): Study the business model, not the Model S. “While most of them most likely already drove and even tore apart a Tesla Model S, they will likely learn more from reading Tesla’s [profit and loss statement] than they would from the car’s engineering,” Agassi wrote in a commentary published on LinkedIn. “Understand the economics underlying Tesla, and design a better mass produced General Motors Company (NYSE:GM), Ford or Hyundai car for the masses. Produce a car that can change the market in 2017 and capture a bigger share of the profits in the competitive car industry.”
Tesla Stock Price: Model S Earns Highest US Safety Ratings (Invezz)
Tesla Motors Inc (NASDAQ:TSLA) flagship Model S sedan has been awarded the highest safety ratings of any car tested by U.S. regulators. The company yesterday said in a statement on its website that the electric car had received five star ratings in all safety and crash categories set by the National Highway Traffic Safety Administration. According to the statement, the electric car has the “lowest likelihood of injury to occupants” and exceeds the safety score of sport-utility vehicles and minivans.