Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: May 9, 2013

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Consumer Reports has named the Tesla Model S the best car since 2007’s Lexus LS.

This week has been especially good for Tesla, which announced its first quarterly profit yesterday. The company made 11 million dollars during the first quarter of 2013.

The Model S scored 99 out of 100 points and is the first car to score that high since the publication reviewed the Lexus LS 460L six years ago. In its glowing review, Consumer Reports editors said the car “takes everything you know about cars and stands it on its head.”

Consumer Reports praised the car’s easy handling, large front and rear cargo compartments and ability to seat seven individuals. Editors were also impressed with the efficiency and power of the car’s electric motor.

Car enthusiasts disagree on what makes the Tesla Model S such an exceptional car. In an email statement to loans.org, Dave Niemiec of Airfoil said the car’s best feature is its 17-inch infotainment panel, produced by NVIDIA, the same company that produces the graphics and technology behind films and video games such as Avatar, Call of Duty and Grand Theft Auto.

Environmentalists praise the car for being the best electric vehicle on the market. The Tesla Model S is even capable of making long distance trips, depending on the availability of Supercharging stations. Currently the Los Angeles to Las Vegas and Boston to Washington D.C. routes are covered with free stations.

Last month, Tesla made headlines with the unveiling of its new auto loan program. Under the lease-to-own program, the cost of ownership of a Model S amounts to less than $500 a month, depending on the driver’s state tax credits and driving patterns.

The key feature of the program was the transfer of the electric car tax credit to borrowers, not lenders. Previously, those who chose a lease over an auto loan lost out on the $7,500 tax credit provided by the government.

This positive review of the Model S is good news for Tesla, which is still suffering residual effects from a scathing review by the New York Times. In his review, John M. Broder drove the car along the Washington D.C. to Boston route, but found the battery power lacking. Tesla’s CEO Elon Musk challenged the review in a detailed blog post and the two exchanged comments through the media.

In their review, the only downside Consumer Reports noted was the price of the vehicle. A Model S with the largest available battery, the most seats and the fastest charger will set a buyer back nearly $90,000. After that expense, however, the overall operating cost of the vehicle is low.