Tesla (TSLA) Expects Strong Safety Ratings for Model X SUV
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Tesla Motors (Nasdaq: TSLA) shares are positive amid positive safety chatter surrounding the Model X SUV.
While Tesla's Model X sedan has received accolades for its safety features, the Model X has yet to be officially rated by the National Highway Traffic Safety Administration (NHTSA).
With the Model X, Tesla expects a better results versus the Model S, which received a 5-star rating from the NHTSA. In part, as Electrek.co noted today, citing commentary from Dougherty & Co., the company said it couldn't even flip (or cause the car to roll over) the Model X in testing.
For growing families that have a bit of change to spend, owning the safest vehicle to keep their children safe will be key and, as a result, Dougherty believes a high NHTSA safety rating might be a catalyst for the stock.
Shares of Tesla are up well over 3 percent Monday.
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