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Recharge Wrap-up: Toyota allowed to inspect own hydrogen tanks, Telsa tour reveals expansion

Japan's Ministry of Economy, Trade and Ministry has certified Toyota to self-inspect its high-pressure hydrogen tanks. The approval allows more freedom in production timing, as outside inspectors previously had to be on site during the manufacture of hydrogen tanks for vehicle prototypes. Toyota has passed the stringent standards to become a registered manufacturer of the 700-bar hydrogen tanks, which the company will use in its upcoming fuel cell vehicle (FCV). With the improved efficiency this certification allows in the manufacturing process, Toyota believes it will help to lower the cost of the FCV. Read more in the press release below. A look inside Telsa's fremont Factory shows thriving activity and increased capacity. Analyst Trip Chowdhry, in a rare tour of the factory, describes a bustling facility capable of producing the Model X and Model III alongside the Model S. A part of the floor labeled "Driver Assist" suggests to Teslarati that Tesla is researching a self-driving car. Chowdhry reports that the factory lobby was "busy with European suppliers and Asian suppliers." He also found an energized workforce and culture similar to Silicon Valley startups. Read more at International Business Times. Mahindra has introduced a premium version of the e2o electric car, made in partnership with Reva. The car features a range of almost 75 miles, power steering, infotainment, rear-view parking camera, driver information display and an emergency power reserve feature, called REVive, offering an extra five miles of range activated through a smartphone. Mahindra also launched a program called "Goodbye Fuel, Hello Electric" in which customers pay to use the e2o by the mile. Learn more at The Indian Express. Toyota Approved to Self-inspect and Manufacture Hydrogen Tanks for FCVs Toyota City, Japan, August 29, 2014-Toyota Motor Corporation has received approval from Japan's Ministry of Economy, Trade and Industry (METI) to self-inspect and manufacture high-pressure hydrogen tanks for fuel cell vehicles (FCVs). This makes Toyota the first company to become a registered manufacturer of 70 MPa (700 bar) hydrogen tanks under Japan's High Pressure Gas Safety Act, revised in 1997 by METI. Toyota will now be able to increase the efficiency of the process of manufacturing safe high-pressure hydrogen tanks that ensure customer confidence.

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.

Tesla Model X reservations 20,000 strong and counting

Those falcon wing doors appear appropriate for the Tesla Model X, as pre-orders for the battery-electric SUV are flying. That's what Gas2.0 is saying, citing various sources. So despite Model X deliveries not happening until the spring of 2015, folks are lining up. Company spokeswoman Alexis Georgeson called the estimated sales figures "merely speculation." All told, more than 20,000 Model X vehicles have been pre-ordered from Tesla's retooled Fremont, CA, plant. In fact, sales are accelerating, as about 8,000 of the SUVs have been ordered during the past six months, and more than 1,300 were pre-ordered in August alone. And that's despite the fact that Tesla has disclosed neither the Model X's price nor its single-charge range. Either way, the percentage split is about 75/25 for North America vs. oversees orders, according to Gas2.0. If there were really 1,300 units ordered in August, the Model X would be the fourth best-selling plug-in in the US, trailing only the Nissan Leaf battery-electric, Chevrolet Volt extended-range plug-in and, of course, the Tesla Model S sedan. Tesla itself is being quiet about its figures. Company spokeswoman Alexis Georgeson, in an e-mail to AutoblogGreen, called the estimated sales figures "merely speculation" and declined to confirm them. In late July, Tesla said it delivered a quarterly record 7,579 vehicles for the three months that ended June 30 and that it was on track to deliver more than 35,000 vehicles this year. And more recently, Tesla said it planned to build its massive gigafactory near Reno, NV, as the Silver State promised an incentive package worth over $1.2 billion over the next two decades.