Tesla's (TSLA - Get Report) Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety, the first Tesla model to be granted the coveted award.

The IIHS has granted the five-passenger Model 3 its highest rating, Top Safety Pick +. It said the Model 3 earned strong ratings across the board for crashworthiness. The car's structure held up well in the driver-side small overlap front test, IIHS said. 

The Model 3 managed to achieve "good" ratings in headlights and all categories for crash safety, along with a "superior" rating for front crash prevention. The only injury risk recorded in IIHS tests was a moderate risk of leg injury in driver-side small overlap front crash tests.

Tesla picks up its first IIHS safety award with a Top Safety Pick+ for the Model 3. More: https://t.co/R5TKMzcgJN pic.twitter.com/DPR1HvVLnY

— IIHS (@IIHS_autosafety) September 19, 2019

IIHS also provided its assessment for General Motors' (GM - Get Report) Chevy Bolt, noting the car narrowly missed out on a Top Safety Pick award due to "poor" headlight performance.

Tesla's larger and pricier Model S sedan previously missed a Top Safety Pick award for the same reason - "poor" headlight performance. 

Shares of Tesla were up 0.79% at $245.42 in early trading on Thursday.