Tesla Model S Earns 5-Star Overall Safety Rating
The California-based Tesla Motors has just earned a 5-Star Overall Safety Rating for the Model S from the National Highway Traffic Safety Administration (NHTSA). The Model S has earned top scores for all three tests conducted by the NHTSA, including frontal crash, side crash, and rollover. This score is nothing new for Tesla, as past models have also managed to earn top scores, including last year's model and the all-electric Roadster in 2008. On top of the strong safety rating of the Model S, Tesla has announced high earnings as well as vehicle production numbers. Sales for the Tesla Model S increased in the second quarter, selling a total of 5,150 vehicles so far. These numbers are making the automaker consider boosting production next year. Tesla announced a profit in the first quarter of the year, as well as a gross margin that was at 22 percent. The company is hopeful that it will hit 25 percent by the end of the year. Thanks to the $405.1 million second quarter revenue, Tesla has managed to decrease its second quarter loss. Last year the loss totaled $105.5 million, which has been narrowed to a loss of only $30.2 million. With the rate of growth the company is seeing, that margin should decrease as the year progresses. Check out how the Tesla Model S performs during its crash tests in the videos below. Source: NHTSA
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