Tesla stock breaks the $100 barrier

Article by Christian A., on May 28, 2013

Today, Tesla stock surged past the $100-a-share level and for those who don’t know this is the first time due to the fact that the company is preparing to announce that it will expand its charger network for vehicles this week. At 9:52 a.m. eastern time Tesla stock gained 7.3 percent to $104.21, which means that its shares almost tripled this year through May 24.

On May 20, Tesla CEO Elon Musk announced that the company will expend its supercharger network, after repaying a United States loan. The American company became the first recipient of a U.S. Energy Department loan to pay its debt.

Back in 2012, Tesla Motors began installing solar-powered supercharger stations on major U.S. highways in order to allow Model S customers to charge their vehicles. The Tesla Model S has a range of 265 miles (426 kilometers) and a starting price of $69,900.

The Model S from Tesla could well be the quickest four-door sedan in the world. In terms of performance, it can go from a standstill to 60 mph in 2.8 seconds. In addition, the low center of gravity gives this model excellent handling. This was due to putting the battery pack in the middle of the axles and down the length of the floor pan. It comes without saying no other production model in the world has such an ideal mass placement that can optimize handling. Aside from performance, the Model S can be considered as one of the safest vehicles ever made.

This is mainly owed to the model’s electric drivetrain placed under the car. As mentioned earlier, the center of gravity of Tesla’s latest offering is extremely low which ensures that the risk of rollover is minimized. For those who are interested to know, proof of the vehicle’s safety record is the 5-star safety rating from both the Euro NCAP and NHTSA.

The Model S, under tests conducted in the U.S., has managed to set a new record when it comes to the lowest possibility of occupants experiencing injury. Active safety features in the Model S fitted as standard are the automatic emergency braking, blind spot detection, collision warning, and lane departure warning. Convenience features are offered as well, though an option, like autosteer, autopark, summon, and traffic-aware cruise control.

No wonder Tesla is confident in saying that the Model S is clearly the safest car out there. Powering the Model S is an electric all-wheel drive composed of two motors with one being placed in the front and the second in the rear. Further, the torque on the front wheels and the rear wheels are independently and digitally controlled. Because of this, traction control is unparalleled no matter the situation. While most standard all-wheel drive models compromise fuel efficiency in return for increasing traction, the Model S instead increases the efficiency.

Topics: tesla, shares

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