Elon Musk’s electric luxury sedan, the Tesla Model S, has been name the Motor Trend Car of the Year. The honor is a monumental one for the automaker that as recently as two years ago was facing potential insolvency. The founder told the audience of our PandoMonthly fireside chat in LA that his company is ramping up manufacturing as quickly as possible to meet massive vehicle demand. The award is also a coup in light of Senator Romney’s repeated bashing it clean-tech car companies during the recent election cycle. [Source CNN Money]