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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.

Musk: Tesla Model S production up to 'around 80 cars' per week *UPDATE

Tesla CEO Elon Musk recently spoke to Fox Business about the state of Model S production, and to hear the CEO tell it, things are going very well. Assembly line production has been climbing every week; the interview was conducted on September 13, and Musk said when asked how many cars they'd build, "I think it's probably going to be around 80 cars this week." If they hit that number it would represent double the production of the week before.
Tesla's Model S production goal this year is 5,000 units, and the outside estimate is that 400* have been built so far. To make the target in the roughly 14 weeks left in the year, Tesla would need to - as of this week - quadruple last week's production to a little more than 320 units. That's a steep climb, but the numbers so far point to it being still being possible. Musk said that orders continue to come in and the company is working through its backlog, and he expects an annual profit to come in 2013. You'll find both parts of the interview in the videos below.
*UPDATE: Tesla spokeswoman Christina Ra pointed out that the last publicly confirmed number is just 100 Model S units, and that Tesla will "likely make another announcement on that front soon." She added, "400 is really inaccurate."

Watch a young Elon Musk take delivery of his McLaren F1

Years before Elon Musk was launching rockets into space or trying to revolutionize the auto business with Tesla, he was just another Silicon Valley geek, albeit already a very successful one. This vintage video catches Musk in 1999 celebrating some of that triumph, as he takes delivery of none other than a McLaren F1. As the million-dollar supercar is lowered from the transporter Musk intones, "It is the moment of my life." We also get a snapshot of an interesting time in Musk's life. According to the clip, he had already sold the company Zip2 for $400 million in cash and had started at the online banking business X. After a merger, it eventually became PayPal, and the entrepreneur later walked away from the website with another massive check. Watch this brief moment of happiness as Musk takes delivery of the McLaren, because by the end of the video, his focus already seemed to have turned to his next business venture. News Source: EveryElonMusk Video via YouTube, Car and Driver Auto News Green McLaren Tesla Car Buying Green Culture Coupe Performance Supercars Videos paypal