Tesla Motors Inc (NASDAQ:TSLA) is a company specialized in manufacturing electric vehicles and powetrain components for electric cars. It gained popularity with the release of the first fully electric sports car, the Tesla Roadster. Later another success of the company was the Tesla Model S, a fully electric luxury sedan. Tesla Motors Inc (NASDAQ:TSLA)'s mission is to become an independent automaker, which produces electric cars at prices affordable to the average consumer.
One of the moves in this direction was already taken with the existing models from Tesla's range. Tesla Motors Inc (NASDAQ:TSLA) has announced an interesting offer that will allow individuals to buy a Tesla Model S with only $500 a month with no money down.
If Tesla Motors Inc (NASDAQ:TSLA) succeeds in accomplishing its goals, probably in the future, putting fuel in the tank of your car will not longer be required, since electric vehicles are much more efficient than those with regular engines relying on internal combustion. Tesla uses lithium-ion batteries for their high energy density. In this way the company managed to achieve an efficiency of 88% for its Tesla Roadster model, which is impressive given the fact that cars with internal combustion engines are only about 20% efficient. You need to go to the website of Insider Monkey for more details about Tesla Motors Inc.
