Wednesday, November 14, 2012

Tesla Model S wins Motor Trend's Car of the Year. Are electric cars here to stay?

In a big step out of the fringes for electric motor vehicles, Tesla's battery-powered Model S sedan was named Motor Trend's 2013 Car of the Year, one of the automotive industry's biggest awards and the third big honor in recent weeks. Model S won aShares 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 IIMotor Trend magazine named Tesla Model S its 2013 Car of the Year, the first time a non-gasoline powered vehicle received the honor, but Americans are still warming to the idea of driving an electric car. The Model S beat finalists including luxury andBut 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," Motor Trend writes "By any measure, the Tesla Model S is a truly remarkable automobile, perhaps theThe Tesla Model S is also the first Car of the Year winner in over 60 years to not be powered by a combustion engine.
Related External LinksVideo: Consumer Reports takes the Tesla Model S for a spin ...Tesla's Model S Gets Bragging Rights - IEEE SpectrumTesla Model S Is the Motor Trend Car of the

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