Tesla Motors has a lot to feel good about lately. Earlier this year, the Tesla Model S was named the 2013 World Green Car of the Year. Last quarter was the Silicon Valley-based all-electric automaker’s first profitable quarter since its founding. Last week, Consumer Reports awarded the Tesla Model S all-electric sedan its highest rating and proclaimed that it is the best car the consumer advocacy publication has tested since it honored the Lexus 460L with a score of 99 in 2007.
The news, combined with a favorable earnings report on Wednesday, boosted Tesla’s stock, drove the automaker’s stock up 19 percent to $66.57 per share on Thursday.
Consumer Reports gave the Model S a nearly-perfect score of 99 out of 100, and scored higher than all other vehicles tested this year.
Earlier this year, the Model S was named Motor Trend’s Car of the Year, but the high marks it received from Consumer Reports is seen by many as a more valuable endorsement because of the publication’s long-standing reputation for honesty and unbiased reviews.
The Lexus 460L was the last vehicle to receive a Consumer Reports’ score of 99.
In a statement, Consumer Reports’ director of Automotive Testing Jake Fisher said, “The Tesla Model S is packed with technological innovation. It accelerates, handles and brakes like a sports car, it has the ride and quietness of a luxury car and is far more energy efficient than the best hybrid cars.”
Consumer Reports was also impressed by the Model S’ handling which it said was on par with Porsche’s. It also compared the interior to the “beautifully-crafted interior” to the interiors found in Audis.
In terms of efficiency, the Model S tested by Consumer Reports had a range of 200 miles on a single charge, which outperformed the 75 or 80 miles per charge found in most other all-electric vehicles. When divided by approximately $9.00 to fully charge the Model S’ lithium-ion battery pack, that’s the equivalent of $1.20 per gallon gasoline.
Consumer Reports pointed out limited rear visibility and a lengthy charging time as flaws that prevented the Model S from receiving a perfect score of 100.
The full review will be featured in Consumer Reports’ July issue.