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Electric Cars: With Model S, Tesla Takes the Lead
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In recent years, the electric car has been hyped, debated, derided, and even used as "a political punching bag," in the words of Tesla Motors' ( TSLA ) serial entrepreneur CEO Elon Musk . Republican presidential candidate Mitt Romney lumped Tesla in with other green energy "losers" like Solyndra. Just last month, Sarah Palin used that label for Tesla, too, when she took to Facebook to criticize the Obama administration for backing another electric car maker, Fisker Automotive, which may soon file for bankruptcy protection: "This losing tax-subsidized venture joins other past losers like the Obama-subsidized Volt that gets 40 miles per battery charge, or like the Obama-subsidized Tesla that turns into a 'brick' when the battery completely discharges and then costs $40,000 to repair."
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