Uncommon Wisdom Daily: I have to admit, Tesla Motors Inc (NASDAQ:TSLA) electric cars are pretty darn cool.
They don’t just look fast; they are fast! The Tesla Model S can go from zero to 60 mph in a stunning 5.9 seconds and travel up to an impressive 319 miles on a single charge.
With a $69,900 sticker price, the basic Tesla Model S isn’t super-expensive compared to other luxury cars. However, the price tag can quickly escalate to $100,000+ with add-ons.
By penny-pincher Tony standards, that is a ridiculously high amount to pay for any car, let alone an electric car. You won’t see one of these in my driveway anytime soon.
Electric cars are growing in popularity. American purchases almost doubled from 52,581 electric cars in 2012 to 97,507 in 2013.
The Tesla Model S may be the sexiest electric car, but it isn’t the most popular, not even in its home country.
In fact, Tesla is only the fourth most popular electric car in the U.S.