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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.

Time slots Tesla Model S among best inventions of 2012

Time Magazine has released its list of the best inventions of 2012, and while a few automotive products made the cut, the Tesla Model S was the only vehicle to nab the honor this year. The magazine cites the electric sedan's sexy aesthetics, lofty 265-mile range and touch-screen cabin controls as reasons for the laurel, though Tesla's network of supercharger stations certainly factored in as well. This is just the latest in long list of accolades for the Model S. As you may recall, Motor Trend recently called the EV the most important car since the Ford Model T, and Automobile Magazine named the five-door its Automobile of the Year.
A total of 25 inventions made the Time list in all, including the self-inflating tires we saw from Goodyear earlier this year. From whimsical indoor clouds crafted by Dutch artist Berndnaut Smilde to a potentially life-saving in-home HIV test, the selections showcase the diversity of human innovation. Check out the complete list here.

Recharge Wrap-up: Fisker EMotion rear end, Faraday Future drag race teaser

Fisker has unveiled the rear end of its EMotion EV. This latest image in a series of slow reveals shows us the strip of lighting across the back, the lines of the trunk opening, and a good look at the rear diffuser. The car appears significantly wider at the fenders than at the roofline, which gives it a planted and muscular look. It's a shape that fits the car's stated performance; Fisker says the EMotion will have a top speed of 161 miles per hour. And, of course, there are no tailpipes. Read more from TechCrunch. Check out the off-road prowess of the Tesla Model X in an icy ditch. Thanks to a sophisticated traction control and torque distribution system, the electric SUV is able to keep its composure even when a wheel leaves the ground over the uneven terrain. Of course, the grippy winter tires help too. The video could also help ease concerns about the vehicles torsional rigidity, though there was a slight creak when opening one of the falcon wing doors while the Model X was suspended over the ditch. See the video and read more at Teslarati. Faraday Future is teasing a video of drag races against the Tesla Model X, Bentley Bentayga, and Ferrari 488 GTB. It shows the camouflaged FF prototype lining up next to the competitors individually, and taking off down the drag strip before cutting the video short. The video then instructs viewers to "stay connected" for the results. Presumably, the prototype will perform impressively. Outrunning a Model X P100D with Ludicrous mode means doing 0-60 in less than 2.9 seconds. Faraday Future is slated to unveil its production electric vehicle at CES 2017 in early January. Check out the video and read more at Teslarati.