Automobile magazine has named its Car of the Year. Unfortunately, it has chosen a vehicle almost no one has bought or will buy, and the car’s maker may not even survive the next year.
The Tesla Model S is an all-electric car that is faster than almost any other sports car on the road. It sells for more than $78,000. Automobile is the first to admit that “to say there’s healthy skepticism regarding Tesla and its new wundercar is an understatement.”
While the editors of the car enthusiast publication are wildly positive about the speed, software, design, 21st century accessories and battery technology of the Tesla Model S, they leave as a footnote the fact that the company may run out of money.
In addition, that there are few places to charge the car’s battery other than at home. The reviewers write:
Want to take the family from Washington, D.C., to New York? No problem. Stop for an hour at one of Tesla’s Supercharger stations being installed throughout the country, and you can travel on to Boston.
That is, if Tesla Motor Co.’s (NASDAQ: TSLA) supercharger stations are ever built.
Douglas A. McIntyre
The Average American Is Losing Momentum on Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%* today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying nearly 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.