Tesla Motors Inc (NASDAQ:TSLA) is in a continuous quest to improve safety, extend its range and optimize aesthetics. Its safety standards are applauded in the United States, where it received 5.4 stars from the National Highway Traffic Safety Administration (NHTSA) last year, and now Tesla’s Model S is garnering good safety scores in Europe.
Another milestone for Tesla
European car safety tests have given good grades to many cars this year, but not every car has achieved Tesla’s milestone of scoring a 5-star safety rating in the United States as well as in Europe.
“We’re pleased to announce that the Tesla Model S has received a maximum-possible 5-star safety rating from the European New Car Assessment Programme (Euro NCAP),” Tesla said in a press release.
Very few models are able to achieve 5-star ratings in both Europe and the U.S. The primary reason for this is that each program focuses on a different set of safety standards, according to Tesla. The company also said that the ratings reflect its holistic approach to safety, and it provides both passive and active safety systems, which help to “intelligently anticipate and react to potentially dangerous situations.”
Tesla Motors Inc (NASDAQ:TSLA)’s Model S derives its advantage from its unique design as there is no engine under the hood, and has a large “crumple zone” at the front and a lower center of gravity for avoiding rollovers. However, CEO Elon Musk is not going to stop his efforts at safety. With the unveiling of the Tesla Model D last month, the company introduced a few new safety features like “Autopilot” that includes 12 ultrasonic sensors, a forward-looking camera and radar along with a digitally-controlled electric brake booster. Additionally, the car can signal a blind spot, issue warnings to avoid any collision, and also has automatic emergency braking.
The company reported a third-quarter loss of $74.6 million against a loss of $38.5 million in the corresponding quarter of the previous year. Additionally, the company has lowered its full-year its Model S delivery guidance by 2,000 vehicles to about 33,000. The EV Company posted earnings of $3 million, or two cents per share, after deducting stock-based compensation, which came in better than the one-cent per share adjusted loss forecast by analysts. Vehicle sales in the third-quarter came in at 7,785, slightly less than the number projected by the company.