Norway's got a new king of the road.
Tesla Motor's Model S sedan is now the best selling car in Norway, accounting for over 5.1 percent of the market. It knocked the Volkswagen Golf down a notch, now at number two with 4.6 percent, according to Reuters.
Though the Model S sells for just over $60,000 in the United States, the price tag in Norway is the equivalent of $110,000, and because of high demand right now, they're typically about $20,000 more on the second-market. So why has Norway fallen so hard for Tesla?
While Californians seem to be ordering Tesla cars at a nice rate, Norwegians really can't get them quick enough. Norway's unique government subsidized car market makes the Model S especially appealing: Norwegian owners of electric cars are provided with free parking, free charging at stations throughout the country, use of express highway lanes and exemption from toll fares. On the other hand, large taxes are levied on those that choose to buy gas-guzzlers, so the migration to EV cars makes sense for the citizenry, even at the higher-than-U.S. cost.
The numbers out of Norway come at a "hot" time for Tesla. After a video showing a Model S in flames on a Washington state highway began circulating online last week, the company's stock took a hit, falling over 6 percent in a day. It was said that the fire from the video was caused by the car's battery.
CEO Elon Musk explained in a company blog that investigators found the fire was a result of the car "driving over large, oddly-shaped metal object which impacted the leading edge of the vehicle's undercarriage." The fire began in the front battery module after it was impacted, according to Musk.
"Had a conventional gasoline car encountered the same object on the highway, the result could have been far worse," Musk wrote.
Business Insider reports that the company's value is still at about 434 percent above where it was this time last year. And if the Model S catches on in America like it has in Norway -- well, Tesla might just need a bigger factory.
Samsung may have gotten the time right with the release of its new watch launch - but that was about it.
The company has become the talk of Gadget Town with its Galaxy Gear smartwatch, but the response to the device itself has been lukewarm at best. Whether it's the watch's lack of ability to do much independent of a Galaxy smartphone or its poor battery life, consumers and tech pundits last week took to news sites and social media to complain about Samsung's new-age timepiece.
We've compiled some of the main reasons why the Galaxy Gear just doesn't work for many reviewers. Though the Galaxy Gear might herald a new age of wearable technology, with Google and Apple both rumored to be working on smartwatches of their own, the time for consumers to purchase their own wrist computer may still be a while away.
ONLY SYNCS WITH SAMSUNG PHONES
Vlad Savov of The Verge opened with a photo of the Gear on his wrist physically tethered to his Samsung Galaxy Note 3 with a USB chord: This is a fair metaphor for and critique of the smartwatch's limitations. Not only does the Gear rely on a constant Bluetooth connection to a smartphone in order to operate most of its apps and features, the Galaxy Note is currently the only phone it's compatible with.
A broader critique: That the Galaxy Gear doesn't feature enough functionality to justify it's $299 price tag.
"Samsung describes it as a companion device, and the Gear is indeed chronically dependent on an umbilical link to another Samsung device, but it never left me feeling like it was a helpful companion."