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Wall Street loves Tesla's Elon Musk, values the brand higher than Fiat

Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at $8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the stock market, that's a full billion dollars more valuable than Fiat and three times more valuable than PSA Peugeot Citroën, says the report.
How unfathomable is that statistic? Consider the fact that Tesla, a ten-year-old company, just managed to turn its very first profit last quarter and has produced fewer than 10,000 vehicles in its lifetime. How does that compare to an automotive giant like Fiat? Well... it doesn't - The brand sold 44,772 Fiat 500s in the United States alone in 2012, and it owns or controls the Chrysler portfolio of brands along with Ferrari and Maserati... not to mention the hundreds of thousands of cars Fiat Group sells yearly in the rest of the world.
Granted, the number of vehicles sold by a brand is just a small portion of its value, but you may still wonder, Why is such a seemingly small player in the global automotive marketplace such a big deal on Wall Street? According to AN, it has a lot to do with its controversial and headline-grabbing CEO, Elon Musk, and the way he disseminates company information to his investors. How so? We suggest you take a good look at the article here for the whole story.

Recharge Wrap-up: QR code hints at Tesla Supercharger in Mexico, Lyft tests scheduling

A QR code in a parking garage hints at an upcoming Tesla Supercharger in Mexico. The mysterious QR code directs to a tweet from Elon Musk where he affirms that Tesla will expand its charging network into Mexico "this year." The folks at Teslarati reached out to the automaker, and a spokesperson responded by saying, "Yes, we can confirm that we are planning on having our first Supercharger in Mexico in Cuernavaca City." That's about 50 miles south of Mexico City, where the country's lone Tesla store is located. Read more at Teslarati. Lyft is testing out a ride scheduling system for its ride-hailing service in San Francisco. When requesting a ride, users can select a pickup time up to 24 hours out, ensuring they'll be able to get where they need to go. Users can cancel or change the time up to 30 minutes before their scheduled ride. Lyft says it plans to expand the scheduling service to more users this summer. Read more from Lyft, or at Green Car Congress. Renault is partnering with other automakers and charging operators as part of the EU's Fast-E charging project. Fast-E seeks to install fast-charging infrastructure for electric vehicles along Germany and Belgium's main motorways, financed by the EU and nine companies, including Renault, BMW, Volkswagen and Nissan. The 278 charging stations will be installed every 50 miles along the major roadways by the end of the year, at a cost of about $20 million. A sister project in the Czech Republic and Slovakia plans to add another 30 charging stations in those countries. Read more in the press release below. Renault is a partner of the European fast-charging project Fast-E in Germany • Official launch of Fast-E project co-financed by the European Union and nine companies, including Renault, in Berlin and Brussels. • 241 charging stations installed in Germany and 37 in Belgium by the end of 2016. • A sister project between the Czech Republic and Slovakia adds another 30 charging stations. The 278 charging points set up every 80 km along Germany and Belgium's main motorways, will allow drivers of electric vehicles to "refuel" and extend their car's range. The total investment of the EU-funded cooperation is approximately ˆ18 million. Every one of the multi-standard fast-chargers spread out over four countries have AC and DC connections, allowing drivers to charge their vehicles' batteries easily and quickly. Electric vehicles can be charge up to 80% on the charging stations within an hour.

Recharge Wrap-up: Tesla hiring new sales executives, A123 focuses on starter batteries

A123 Systems is shifting more of its focus to lithium-ion starter batteries for cars with stop-start systems. The company sees the smaller batteries as a safer, more viable way to bounce back from its recent bankruptcy than by providing battery packs to power EVs. A123 still provides EV batteries to China, and hopes to provide them to Fisker, which is now owned by a mutual parent company, Wanxiang. A123's Detroit facility is currently building starter batteries for Mercedes-Benz, with microhybrid battery production expected in within the next few years. Read more at Automotive News. Tesla Motors Vice President of Worldwide Sales and Service Jerome Guillen is being reassigned to a role in customer satisfaction. After struggling sales in California and China, Tesla is also seeking sales executives for its three major sales regions: North America, Europe and Asia. "Once they are on board, Jerome's focus will be on post- sales activity from delivery to long-term customer care, where he has done an incredible job," says Tesla. For 2014, North America made up about 55 percent of Tesla's sales, while Europe and Asia made up 30 and 15 percent, respectively. Tesla expects those numbers to eventually be distributed evenly, and aims to increase sales by 74 percent this year. Read more at Automotive News. David Noland of Green Car Reports wants Tesla to address a double-pedal problem in the Model S. Noland says that when both the accelerator and brake pedal are pressed at the same time, it can increase the stopping distance, creating unsafe situations. Noland, along with other drivers with large feet, are having problems with this due to the narrow spacing between the pedals. Elon Musk has stated that the Model S limits torque in a double-pedal situation, but Noland's own tests find some inconsistencies. Noland would like to see a change to the firmware to address this problem. Read more at Green Car Reports. Featured Gallery Tesla Model S View 10 Photos Related Gallery 2012 Fisker Karma: Second Drive View 30 Photos News Source: Automotive News, Automotive News, Green Car ReportsImage Credit: Tesla Motors Green Fisker Tesla Green Automakers Safety Electric recharge wrapup