Tesla is now officially one of the biggest US automakers. It is also one of the top brands in the US.
(Photo : WIRED/Youtube)
Tesla has reportedly become one of the biggest automakers and brands in the US. This is a great news for the start-up company who managed to sell more than 100,000 car units.
These car units were praised by critics and users and made a market value of around $39.8 billion.This market value is actually lower to household companies like Ford and General Motors. However, it managed to outdo the market value of Fiat Chrysler, according to Green Car Reports.
This impressive feat did not come without any speculations. Financial analysts kept wondering whether the company can retain its 38 percent increase in the last three months.
Analysts believe that there will be a $48 decline in the Tesla's stock prices in the future. This is said to be the most pessimistic prediction from analysts since the company's launch seven years ago.
On a brighter note, Business Insider reported that the company ranked 8th on Consumer Reports' top car brands in America. Tesla even managed to grab the title for the highest road test score.
This is not the first time the magazine has recognized the efforts of the company. The magazine twice named the Tesla Model S Sedan the best car, even giving it a recommended rating in 2016.
However, Tesla did not get any good reviews for its Model X SUV. Consumer Reports explained that despite the incredible performance and technology, it has poor functionality and dismal reliability.
Despite this, Tesla still manages to create a one of a kind product with Tesla Model S that just released an update. Auto World News reported that the test on this product reveals that it can go on a speed of 60 mph in 2.34 seconds.
The site reported that Tesla Model S's exact speed is 2.275507139 seconds, making it one of the fastest cars on the market. The recognition Tesla received this year, only proves that the company will continue to provide great products in the years to come.