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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.

Tesla-Based Rinspeed XchangE Concept Offers A Vision For The Future Of Autonomous Driving

It has become an annual tradition for Swiss automaker Rinspeed to release details of its latest inventive concept just ahead of the Geneva Motor Show. Not your customary custom shop, Rinspeed considers themselves an "automotive think tank and mobility lab." Perhaps it's no surprise, then, that this year's concept pairs two emerging automotive industry trends: electric vehicles and autonomous driving technology. From the outside, the Rinspeed XchangeE looks much like the all-electric Tesla Model S upon which it is based, save for a modified front fascia, clear plexiglass roof and bright green paint job. Inside, however, is where things get interesting. View 6 Photos "Passengers will be able to assume virtually any seating or resting position when traveling in a fully autonomous vehicle in the future, which will require a completely new operating and display concept," says the automaker in a statement. The plush "business-class" interior of the XchangE is reconfigurable, offering up to twenty possible seating positions to passengers. Additional flexibility is provided by a "bionic" steering column, featuring a TRW wheel that can slide to the center of the vehicle when not in use by the driver. With the XchangE, Rinspeed has rethought safety and security for the autonomous age as well. An RFID access control system ensures that only approved drivers will be able to command the vehicle. The steering wheel's hands-on recognition system will let the car know when the driver has returned to the helm. All data transfer between car and cloud is handled by a secure LTE network connection. In-car infotainment runs on HTML 5, which Rinspeed claims will provide "comprehensive protection against hacker attacks." The only question that remains is what to do on those long road trips, now that you're no longer hunched over a steering wheel the entire time. Forget flip-down or seat-back DVD players. The Rinspeed XchangE features a gesture-controlled 32-inch 4K television. "You can read, listen to music, surf the web, play games and watch movies in brilliant picture and sound quality," says the automaker. "Or you can hold a four-party meeting at 120 km/h [75 mph] and work on your files while brewing a fresh cup of Italian Amici espresso." This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Geneva Motor Show Tesla Autonomous Vehicles Concept Cars Translogic Videos

Sun and wind could power Tesla Gigafactory for EV batteries in Nevada

Next week is Tesla Gigafactory week. The California automaker has a major announcement planned, and it's all about its intention to build a battery factory so large, the company is pulling out the giga prefix. At some point in the next seven days, we expect to hear where Tesla will build the plant, who it will partner with, how it will pay for it and lots of other details. The production volume is expected to be at least 30 gigawatt-hours-worth per year. The Gigafactory will take in the raw materials for lithium batteries and put out finished packs, not only for the electric vehicles made by Tesla and its automotive customers, but also for massive amounts of renewable energy storage – that's a niche the company plans to begin to occupy sometime early next year with residential-sized products. The production volume is expected to be at least 30 gigawatt-hours-worth per year. That's more storage than all the lithium battery factories in the world combined produce now. Color us impressed. Now, you might be thinking, "Is it really necessary to go that big at this point in time?" In a word: yes. Tesla CEO Elon Musk has said its upcoming, more-affordable vehicle – widely expected to be called the Model E – will wear a $35,000 price tag and boast a battery big enough to take it 200 miles on a charge. To achieve this, the cost of the cells needs to come down dramatically, and so it's no coincidence that the time frame for the new facility will parallel that of this car. According to Musk, the benefits from the economies of scale will see a cost drop between 30 and 40 percent. Of course, historically high prices are one of the main reasons why battery storage has not been widely used in the renewable energy sector, so this development could help drive more demand for cleaner, affordable energy, which, in turn, will drive demand for more storage. That's the kind of vicious cycle we like to see. Musk said the Gigafactory will be "heavily powered" by wind and solar energy. Speaking of renewables, that is where the Gigafactory will get much of its needed energy. During the call with financial analysts that accompanied the release of its 2013 fourth quarter earnings report, Musk mentioned that the new plant will be "heavily powered" by wind and solar energy, and will also use older Tesla packs for storage. These will help deflect the traditional arguments against wind and solar, that the sun doesn't shine at night and the wind doesn't always blow.