The Breakdown

Explaining Southern California's economy

Elon Musk on a roll: First SpaceX succeeds, and now Tesla wins Motor Trend Car of the Year

Tesla workers cheer on one the first Tesla Model S cars sold during a rally at the Tesla factory in Fremont, Calif., in June. The luxury all-electric sedan just won Motor Trend's Car of the Year award.
Tesla workers cheer on one the first Tesla Model S cars sold during a rally at the Tesla factory in Fremont, Calif., in June. The luxury all-electric sedan just won Motor Trend's Car of the Year award. Paul Sakuma/Associated Press

Elon Musk is a on a serious roll.

He's CEO of two companies: SpaceX and Tesla Motors. SpaceX, based near Los Angeles, just completed the first paid commerical resupply mission to the International Space Station. 

The news just broke that Tesla's Model S sedan has won Motor Trend's Car of the Year award. And here's what the publication has to say:

[T]his is the first COTY winner in the 64-year history of the award not powered by an internal combustion engine? Sure, the Tesla's electric powertrain delivers the driving characteristics and packaging solutions that make the Model S stand out against many of its internal combustion engine peers. But it's only a part of the story. At its core, the Tesla Model S is simply a damned good car you happen to plug in to refuel.

Indeed. I'm not entirely sure, but I think this may be the first time that a car made in the San Francisco Bay Area has ever won COTY. 

At almost $60,000, this winner doesn't come cheap. But it is vindication that Musk has always been onto something and is forging a path one the road and toward the stars for entrepreneurs everywhere.

Follow Matthew DeBord and the DeBord Report on Twitter. And ask Matt questions at Quora.

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