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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 Model S costs one nickel per drag race [w/video]

Historically, the intersection between electric vehicles and drag racing has been really small - or so we guess, at least. But the advent of Tesla in the auto marketplace, and the subsequent performance offered up to drivers by way of battery-powered cars, has caused even racy publications like DragTimes to get in on the action.
Having posted several YouTube videos featuring the Tesla Model S doing pulls at the local strip, DragTimes encountered questions about just how many races that car might be able to run before needing to re-juice its battery pack. The publication monitored the energy being used by the Tesla during full-throttle, quarter-mile runs, and determined that the net use (after energy from the regen braking was added back in) amounted to just 0.5 kWh per go. Considering that the full battery capacity is 85 kWh, DragTimes figured that the Model S is good for a remarkable 170 races before needing a recharge. By that math, and using electricity costs in DragTime's home state of Florida, each race would cost just a nickel and a penny's worth of electricity.
With respect, that theoretical number is probably way too high. For starters, the car would expend some energy getting to and from the starting line between races. Perhaps more critically, the system is designed to not allow for a completely full charge or deletion of charge, so the car can't use all 85 kWh. Still, 100 runs is in the realm of possibility. In the video below, the narrator makes mention of 150 runs, which is optimistic but more likely. Cheap thrills, in any case (once you've paid for the car).

Demand for electric car rentals unplugged by range anxiety

It's the hurdle that electric vehicles must clear to be launched into the mainstream: range anxiety. But this time it isn't prospective customers who worry about running out of juice, Bloomberg reports, but renters who return to car rental agencies before their lease is up and trade their EVs in for more traditional gasoline-powered autos and gas-electric hybrids.
"People are very keen to try [electric vehicles], but they will switch out of the contract part way through ... they think they can't get to a charging station," says Lee Broughton, head of sustainability at Enterprise. Enterprise customers who rent EVs reportedly trade them in 1.6 days into the rental period on average, which compares unfavorably to the six- to seven-day rental periods of traditional, fuel-burning automobiles.
Christopher Agnew, an analyst at MKM Holdings LLC, says that longer range would help rental customers' range anxiety, especially since they are usually renting vehicles in unfamiliar places.