Skip to content
Subscriber Only

Tesla Shares Rise After Model S Keeps NHTSA 5-Star Rating

Tesla Motors Inc., the electric-car maker being reviewed by U.S. regulators over battery-related fires, jumped in New York trading after saying the safety rating for its Model S sedan is reaffirmed for the 2014 model year.

The flagship vehicle from the Palo Alto, California-based company, with a $70,000 base price, retains a 5-star rating for crashworthiness, the highest designation given by the National Highway Traffic Safety Administration. The agency opened a review of the car last month after fires in Tennessee and Washington state occurred when drivers struck metal debris.