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Tesla Model S wins Automobile car of the year [w/video]

Automobile Magazine recently spent the better part of three days getting to know 28 of the latest and greatest cars on the market to pick its Automobile of the Year, and today it announced that the 2012 Tesla Model S was given this coveted award. As much as the all-electric Model S means to the automotive world, we'd be surprised if it doesn't snag a lot more hardware in the next few months.
The Model S beat out cars like the 2013 Cadillac ATS, 2013 Ford Fusion, 2012 Porsche 911 Carrera S and 2013 BMW M5 with its sleek design, luxurious and tech-filled interior and, of course, its unique electric powertrain that offers both an incredible all-electric range and equally eye-popping performance.
To narrow down the top candidates for the award, Automobile took all the cars out for two days of road testing and then spent another day at Gingerman Raceway in Western Michigan, and the performance aspect of the Model S seemed to surprise and/or impress a lot of the magazine's staff more than anything else. To prove how fast the car is, they did a drag race to 100 miles per hour with the Tesla and the new M5, and the Model S won. The 265-mile driving range and 17-inch touch-screen display won points for the car, too.

Wall Street loves Tesla's Elon Musk, values the brand higher than Fiat

Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at $8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the stock market, that's a full billion dollars more valuable than Fiat and three times more valuable than PSA Peugeot Citroën, says the report.
How unfathomable is that statistic? Consider the fact that Tesla, a ten-year-old company, just managed to turn its very first profit last quarter and has produced fewer than 10,000 vehicles in its lifetime. How does that compare to an automotive giant like Fiat? Well... it doesn't - The brand sold 44,772 Fiat 500s in the United States alone in 2012, and it owns or controls the Chrysler portfolio of brands along with Ferrari and Maserati... not to mention the hundreds of thousands of cars Fiat Group sells yearly in the rest of the world.
Granted, the number of vehicles sold by a brand is just a small portion of its value, but you may still wonder, Why is such a seemingly small player in the global automotive marketplace such a big deal on Wall Street? According to AN, it has a lot to do with its controversial and headline-grabbing CEO, Elon Musk, and the way he disseminates company information to his investors. How so? We suggest you take a good look at the article here for the whole story.

Watch the Jaws of Life tear apart a Tesla Model S

As electric vehicles become more prevalent on the roadways, first responders are facing new - and sometimes unknown - challenges when it comes to intense tasks such as the extrication of passengers trapped inside a car. Advanced Extrication, an online training resource for rescue workers, recently posted a video showing how rescuers should respond to vehicles like the Tesla Model S.
The best way to do such a video, of course, is to actually demonstrate the process, so Tesla donated a new Model S just so the Fremont Fire Department could tear it to shreds as the host explains some of the unique dangers specific to electric cars. The unfortunate demo car looks like it just came off the assembly line, meaning it is completely intact to begin with, but we wonder if it would have been more interesting to see how firefighters deal with the car's wiring and DC-DC converter (and other high voltage components) when the vehicle structure has been compromised.
Either way, the entire 37-minute video (posted below) goes in depth showing what rescuers face as they deal with a growing number of EVs. Of course, if all you want to see is the business end of the Jaws of Life going to town on the Model S' subframe, you should skip to the 27-minute mark.