What the Future Holds for Tesla Motorshttp://www.fool.com/investing/general/2012/07/16/what-the-future-holds-for-tesla-motors.aspx Tamara Rutter
July 16, 2012
Electric-car maker Tesla Motors (Nasdaq: TSLA ) is making its mark on the auto industry. Growing demand for the company's gas-free vehicles paints a rosy picture. Still, there are key developments that stock investors should be mindful of as we round out the year. Tracking where a company has been is a good guide for the future. With that in mind, let's take a closer look at Tesla's achievements thus far and what shareholders can expect going forward.
Charging into the future
Its new zero-emission car continues to collect rave reviews from industry experts and auto enthusiasts alike. The praise is well-deserved, considering the odds have been stacked against Tesla from the beginning. Luckily, the company's first mainstream car is more than living up to the hype.
In fact, according to one review by The Wall Street Journal, "The Model S is the most impressive feat of American industrial engineering since, well, a couple of months ago, when Mr. Musk's SpaceX successfully launched and recovered a spacecraft that rendezvoused with the international space station."
Not only did Tesla CEO Elon Musk set out to create the best electric vehicle ever built, but also the best performance sedan on earth. And if initial reviews are any indication, the Tesla team certainly delivered on that promise.
For those who prefer life in the fast lane, the top-of-the-line version of the new all-electric S series hits 60 mph in 4.4 seconds. Indeed, Tesla is one of the industry leaders in terms of miles-per-charge, with the most expensive Model S capable of traveling up to 300 miles without recharging.
Competing EVs crowd the highways
On the other hand, GM's updated Chevy Volt is finally getting buzz-worthy press, thanks to an aggressive marketing campaign. While the hybrid vehicle only gets 40 miles on a single electric charge, it also has a backup gas generator. The reason I mention this is that crossovers and hybrids are helping to ease the transition to 100% electric options like Tesla's Model S and its upcoming SUV, the Model X.
Revolutionizing the game
It's telling that the company has successfully navigated the heavy costs that come with building a world-class c