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Nissan Leaf

Model S boosts Tesla, but mass market electric cars still elusive

Kevin Baillie, co-founder of a visual effects company that works on major motion pictures, had never been in a car like his new Tesla Model S electric sedan, but somehow it looked familiar."When I got into my car, I thought, 'Wait a minute, this looks like something from the movie I just worked on,'" said Baillie. "It's like Star Trek."The ringing endorsement of car enthusiasts like Baillie has given Tesla Motors Inc a much needed stamp of approval in a "green" car industry that has seen high-profile failures and struggles over the last year.The Model S is ten-year-old Tesla's first attempt to reach a mainstream audience for electric cars. Sales of the five-passenger sedan have outpaced expectations since its launch last year, and on Thursday, Consumer Reports magazine awarded it with a near-perfect rating.The review coupled with Tesla's first-ever quarterly profit boosted the company's shares 36 percent to an all-time high of $75.77 - more than quadruple its 2010 initial public offeri...

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