Telsa Model S Is Car of the Year?

Automobile magazine has named its Car of the Year. Unfortunately, it has chosen a vehicle almost no one has bought or will buy, and the car's maker may not even survive the next year.

The Tesla Model S is an all-electric car that is faster than almost any other sports car on the road. It sells for more than $78,000. Automobile is the first to admit that "to say there's healthy skepticism regarding Tesla and its new wundercar is an understatement."

While the editors of the car enthusiast publication are wildly positive about the speed, software, design, 21st century accessories and battery technology of the Tesla Model S, they leave as a footnote the fact that the company may run out of money.

In addition, that there are few places to charge the car's battery other than at home. The reviewers write:

Want to take the family from Washington, D.C., to New York? No problem. Stop for an hour at one of Tesla's Supercharger stations being installed throughout the country, and you can travel on to Boston.

That is, if Tesla Motor Co.'s (NASDAQ: TSLA) supercharger stations are ever built.

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Autos Tagged: TSLA
Read Full Story

Markets

DJIA 21,796.55 85.54 0.39%
NASDAQ 6,382.19 -40.56 -0.63%
S&P 500 2,475.42 -2.41 -0.10%
NIKKEI 225 19,959.84 -119.80 -0.60%
HANG SENG 26,990.19 -140.98 -0.52%
DAX 12,134.17 -77.87 -0.64%
USD (per EUR) 1.17 0.00 0.14%
USD (per CHF) 0.97 0.00 0.38%
JPY (per USD) 111.06 -0.04 -0.03%
GBP (per USD) 1.31 0.00 0.00%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.