Tesla Model S Named "Motor Trend" Car of the Year

Shares of Tesla Motors (Nasdaq: TSLA  ) surged nearly 4% after hours last night on news that Motor Trend magazine has granted the fully electric sedan its highest honor: Car of the Year for 2013. Prior winners include Ford Motor's (NYSE: F  ) Mustang II in 1974 and Toyota's (NYSE: TM  ) Prius in 2004. The full list dates to 1949, when Motor Trend honored Cadillac's entire Motor Car division.

Motor Trend gushed about the Tesla Model S: "It drives like a sports car, eager and agile and instantly responsive. But it's also as smoothly effortless as a Rolls-Royce, can carry almost as much stuff as a Chevy Equinox, and is more efficient than a Toyota Prius. Oh, and it'll sashay up to the valet at a luxury hotel like a supermodel working a Paris catwalk."

In a Tesla press release, CEO and co-founder Elon Musk said: "Our aspiration with the Model S was to show that an electric car truly can be better than any gasoline car, which is a critical step toward the widespread adoption of sustainable transport." Musk's other attempts to boost widespread adoption of Tesla vehicles includes announcing plans for a national network of electric charging stations.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2110124, ~/Articles/ArticleHandler.aspx, 9/23/2014 2:36:41 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement