Tesla’s Stocks Are Soaring

Not only is it super-cool looking, made in America, tre lux, and completely electric, now Tesla Motors‘ stock has soared past 7.3 percent today to $104.63-a-share–almost $15 dollars more than it was only two weeks ago. 
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Since it’s launch in 2009, the Silicon Valley electric carmaker’s shares have almost tripled and Consumer Reports magazine has lauded the Model S the best car tested since 2007 — awarding a 99 out of 100 score, the highest given to any automobile.

With its Model S outselling by wide margins the Mercedes S Class, the BMW 7 Series and the Audi A8 in the US.This year Tesla became the first recipient of a U.S. Energy Department loan to pay off its debt. Last week the company made a payment of $451.8 million to the government. The money, coupled with two previous payments, paid off a $465 million loan that Tesla got from the Department of Energy in 2010 to foster development of advanced-technology vehicles.

With a $69,900 base price, the Model S is currently able to travel as far as 265 miles (426 kilometers) per charge. Tesla chief executive Elon Musk’s has confirmed that the company will eventually make a long-range electric car for the mass market with a base price of $30,000.

Last year, the company began installing solar-powered supercharger stations on major U.S. highways.Musk has said the company will enlarge the network of chargers, most of which are currently in California, allowing the cars to easily re-power in about 30 minutes.

 

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