Seven Things You Need To Know About Tesla (Recently)
Just in case you’ve been living under a rock, we’ll state the obvious; the Tesla Model S has been setting the automotive world on fire. The all-electric luxury performance sedan has held its own, and brought in the accolades over the last year, playing the role of darling of the automotive press.
Though other green-carmakers like Fisker and Coda have bitten the dust, Tesla has not only remained, but grown. For a plethora of reasons, Tesla has managed to stay in the news- and it has not all been good news. Here are the seven latest major storylines from one of the most buzzed-about car companies in the last year:
1. Tesla Had To Recall Cars, and Its Stock Went Up
Tesla had to recall 1,228 vehicles as a result of a weld that may not hold the rear seat in place during a crash. The fix will cost Tesla $150,000 to perform on all vehicles combined. This fix had to be done after a Tesla plant worker noticed the malfunction and reported it to his superiors, who filed it with the National Highway Traffic Safety Administration. This self-policing must come off as novel in the stock market, as Tesla’s stock price rose two percent in late morning trading the day of the announcement. Its stock price currently sits at $105.88.
2. It Can Beat Sportscars In The 1/4 Mile, and Do It A Bunch
Earlier this year, there was the video of a Model S trouncing the BMW M5 in a drag race, which may come as a shock, unless you understand the principal behind electric motors. Unlike internal combustion engines (that thing under the hood of your Camry) that need to get the engine speed up to reach peak output, 100 percent of the electric motor’s torque is available at zero RPM. That means that the Model can screech away from a standstill like its no one’s business.
And to prove this point DragTimes estimated that it could make that run 170 times before needing a recharge, and that it would cost a nickel per drag race, based on its FL-based power costs. That’s racing on a budget!
3. People Are Buying Them For More Than Just Green Tech
Karl Brauer is the director of insights at Kelley Blue Book, so he gets all the goods on how Tesla is performing and where the company is going. Karl also lives in Los Angeles, and the state of California is by far, the largest market for Tesla, w/ a 51.4 share of Model S sales. So in addition to seeing the numbers, he’s on the ground, and knows many Model S owners.