As Tesla Motors Inc. is now on the verge of starting the delivery of its first Model S models this week, the electric car maker’s shares increased by up to 8.1%. in Nasdaq trading, its shares climbed by 6.45%, or $1.93, to $31.84 at 4 p.m. ET after hitting $32.33, its largest intraday increase since May 22. The Model S can be driven up to 300 miles (483 kilometers) on a single charge.
It is the first model designed and built in-house by Tesla. It has a starting price of $57,400, which is just half of the cost of its Roadster, a battery-electric sports car that came out in 2008 and which was built under an agreement with Group Lotus Plc. The Roadster stopped selling in early 2012.
In Barclays Plc’s new report, it said that there’s plenty of excitement associated with Tesla’s execution to date but then it can’t be denied that there are high stakes. It stated that the shares will continue to be viewed favorably as we approach a multiyear product cycle.
Tesla's Fremont, Calif., plant is producing the Model S. This facility had been the joint venture of Toyota Motor Corp. and General Motors Co.’s predecessor. Tesla’s investors include Toyota, Daimler AG and Panasonic Corp.
With top-notch performance, efficiency and safety, Tesla Model S truly represents a milestone in engineering. Given that it offers the longest range of any electric vehicle, the highest safety ratings, and software updates that are done wirelessly, the first fully electric sedan has changed the world's expectations for vehicles in the 21st century.
Tesla’s platform for the Model S places the battery at a very low center of gravity, reducing rollover risks while improving both performance and handling. Since it doesn’t have an engine, the fully electric sedan has a crumple zone that’s much bigger and more capable in absorbing the energy of a front end impact compared to other performance sedans.
Given its NHTSA and Euro NCAP 5-star safety rating and its lowest potential of injury according to U.S. tests, the Tesla Model S is now the safest car on the road. Its high safety level can be attributed to a one-of-a-kind electric drivetrain positioned under the car. As mentioned, it has a very low risk of rolling over because of its low center of gravity.
Among its active safety features that are offered as standard are blind spot detection, automatic emergency braking, collision warning and lane departure warning. Meanwhile, its optional convenience features include summon, autosteer, autopark and traffic-aware cruise control.
Electric All Wheel Drive
The Tesla Model S can digitally and independently control torque to the front and rear wheels using its two motors from the front and from the rear. This feature results to excellent traction control in all situations! Compared to traditional all-wheel drive vehicles, Tesla’s Electric All Wheel Drive system increases fuel efficiency without sacrificing traction.