Tesla Model S Tops Safety Chart and Tweets keep EV Revolution Rocking
August 21, 2013 in Electric Vehicles, EV News, Model S, Tesla
Photo courtesy of Tesla
Tesla stock (TSLA) closed today at $147.86, down 1.15%. The stock has held up rather well in this down market of recent, considering the 52 week range for TSLA, $26.86 – $158.88. Obviously, investors see a future in electric cars.
Tesla tweeted 8-20-13: “We’re about to make #Supercharging official in the Lone Star State. Our San Marcos station opens today!” Tesla CEO Elon Musk tweeted 8-19-13: “Model S achieves best safety rating of any car ever tested by US govt.”
Mr. Musk did say at the Teslive event that he was particularly pleased with the safety engineering of the Model S. The National Highway Traffic Safety Administration recently concurred with Mr. Musk’s assessment by rating the Model S as the very best in safety. This is certainly an important feature for many car buyers, which will boost Model S demand. In a press release 8-19-13, Tesla stated: “Of all vehicles tested, including every major make and model approved for sale in the United States, the Model S set a new record for the lowest likelihood of injury to occupants.”
Tesla and all major auto makers will have to contend with higher interest rates in the coming years, but US interest rates will likely be restrained by peak oil. Asian economies, particularly India, are already suffering from high oil prices. India’s Rupee has tumbled below 64 to the US Dollar, and Indonesia’s Rupiah has taken a hit as well. A currency monsoon wind has struck the region.
In the US, the Dow Jones sold off at the end of the day to 14,898, down 105 points. The 10 year Treasury yield has climbed back to 2.89%. Market strategists are worried about rising interest rates, but the currency markets of Asia may become a bigger concern. Time will tell.
