Tesla Motors Inc. (NASDAQ:TSLA)’s Model S Is Safest

Posted by Steve Raasch November 25, 2013 0 Comment 1756 views

The three fire accidents over past two months have made Tesla Motors Inc. (NASDAQ:TSLA)’s Model S electric vehicle quite popular. However, this probably is one of the rarest car models to enjoy Tesla Motors “uniquely framed” safety ratings system with 5.4 stars out of 5.

Last summer the maker of Model S sedan issued a press release, “The National Highway Traffic and Safety Administration (NHTSA) do not publish a star rating above 5, however safety levels better than 5 stars are captured in the overall Vehicle Safety Score (VSS) provided to manufacturers, where the Model S achieved a new combined record of 5.4 stars.”

The NHTSA Reaction

Following the repeated fire incidents with Model S sedan, the NHTSA has now issued more stringent set of rules where the new guidelines explicitly remarked that ratings have to whole numbers and the agency does not award any rating with more than 5 stars. This update seems to be tight double slap to Tesla Motors Inc. (NASDAQ:TSLA)’s previously announced safety rating of 5.4 which was both above five and was also not a whole number.

Moreover the agency also mentioned that auto makers or advertising agencies shall not advertise ratings with decimal point or ratings above 5 stars and failing to these could be a clear case of misleading the public; making it more clear to Tesla Motors Inc. (NASDAQ:TSLA). Failing to adhere to these guidelines could result in removal from the ratings program or may be referral to other judicial authorities for required action alongside the ‘Buyer Alert’ warnings.

Model S is still a Favorite

Despite some advert fire incidents, Tesla Motors Inc. (NASDAQ:TSLA)’s Model S has topped the owner satisfaction with the near perfect score of 99 out of 100, mentioned Consumer Reports. The Model S EV’s score of 99 is the highest in this category in years. The survey compiles responses from 350,000 subscribers who bought a car in the last few years.

Among other car makes, that won their owners opinion include Ford Motor Company (NYSE:F)’s Mustang (V8), General Motors Company (NYSE:GM)’s Chevrolet Corvette, BMW 3 Series and Jeep Wrangler, among others.

About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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