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Ferrari, not Tesla, might be the stock to buy

Last week Tesla's earnings – or lack thereof – were one of the big stories in the auto industry. As usual, the electric carmaker didn't make money, but the news sent the market, analysts, and Tesla's devoted fans into a lather. But another company, this plucky upstart called Ferrari, also attracted a positive reaction from the market and actually had the financials to back it up. Ferrari posted net revenues of $898 million (at today's exchange rates) EBITDA of $265 million (a slightly complicated way to snapshot financial performance) and an adjusted net profit of $136 million in the first quarter. The company delivered 2,003 cars, and sales of its V12 models increased 50 percent. It quietly made progress nearly a year and a half into its life as an independent automaker. For 2017, Ferrari expects to deliver 8,400 cars and rake in net revenue of $3.6 billion. No one thought Ferrari would flounder when Fiat Chrysler Automobiles spun it off in fall 2015. With a rich history, expensive products, and its own loyal fan base that's arguably even larger than Tesla's, the company seemed poised for success, though skeptics wondered how it might fare after longtime chief Luca di Montezemolo stepped down before the spinoff. Plus, the company remains within the FCA sphere, as its key stakeholders are largely connected to its former parent in some way, and Chairman Sergio Marchionne also steers FCA. Last week's results showed Ferrari is gaining footing in the evolving automotive world, and analysts responded. UBS analyst Michael Binetti reiterated Ferrari stock (RACE on the NYSE) as buy status and raised his target price from $85 to $92. Morgan Stanley's Adam Jonas was even more bullish, raising projections to $100 in the next 12 months. Shares were trading around $82 Monday morning. Both analysts viewed Ferrari as something different than a conventional automaker stock, with Binetti comparing it to luxury house Hermes, which produces high margins even for a specialty goods maker. Jonas suggested Ferrari's singular reputation and history (16 Formula One Constructors titles, the most ever) could insulate its products when autonomous and electric cars become even more commonplace. "In our view, a Ferrari is not transportation," he wrote in a note to clients. "Ownership is viewed as an exclusive club, and membership requires more than just money.

BMW shows 670-hp plug-in 5 Series GT concept

BMW quietly revealed a 5 Series GT concept earlier this week at an event in France, and it sports a plug-in hybrid powertrain capable of a whopping 670 horsepower. Think the upcoming Model X crossover from Tesla sounds good? BMW has something that might be just as enticing for eco enthusiasts who like their cars to be green and mean. BMW quietly revealed a 5 Series GT concept earlier this week at an event in France, and it sports a plug-in hybrid powertrain capable of a whopping 670 horsepower. That's right, a hybrid BMW hatch-crossover with more estimated power than the 2015 Chevrolet Corvette Z06. BMW's setup is called "Power eDrive," and it uses a 20-kilowatt-hour lithium-ion battery pack that provides juice for two electric motors; they work with a 2.0-liter turbocharged four-cylinder engine. This 5 Series GT would be able to travel for 62 miles under electric power. The prototype shows the high-performance potential of the system, but the 5 Series GT is "purely a concept," BMW spokesman Julian Arguelles told Autoblog. The GT made its global debut alongside plug-in versions of the 3 Series and X5. They used more basic eDrive systems with one electric motor teamed with a turbo four cylinder. BMW revealed the prototypes to illustrate its plans to increase production of plug-in hybrids. Its goal is to add plug-in variants to all of its "core-brand models," though specifics and timing are unclear. BMW Group Media information 1. BMW Group Innovation Days 2014: New drive technologies. (Introduction) The recently launched BMW i3 and BMW i8 are the first zero-emission vehicles in the premium segment, being designed respectively as dedicated all-electric and plug-in hybrid models. Their BMW eDrive technology promotes hallmark brand driving pleasure, while at the same time delivering major reductions in fuel consumption and CO2 emissions – all the way to zero tailpipe emissions when operating in all-electric mode. This is BMW Efficient Dynamics taken to its logical conclusion. For more than 15 years, the Efficient Dynamics strategy has inspired and shaped the development of new models across all the BMW Group brands, resulting in the development of highly efficient vehicles that combine dynamic performance with intelligent energy management. Today, thanks to Efficient Dynamics, the BMW and MINI brands offer premium models that set benchmarks in their respective segments in terms of their exceptional balance of performance and fuel economy.

Cost to drop 691 horsepower in your Tesla Model S P85D? $14,600

Not mentioned during the much-hyped announcement event last night for the Tesla Model S Dual Motor "D" and Autopilot "A" options were how much those advancements will cost. Today, Tesla updated the Model S order page and those pesky little numbers are now available. As it turns out, opting for all of the features mentioned last night will add over $18,000 to the price of your $93,400 Model S P85. To get all of the benefits mentioned last night will add over $18,000 to the price of your Model S. Let's start by revealing the D's price. To add the second-motor to either the 60- or the 85-kWh Model S costs $4,000. That drops the 0-60 time by 0.2 seconds and ups the top speed by five miles per hour in the 60 (to 125 mph) and 30 mph in the 85 (to 155 mph). Interestingly, the overall horsepower output (according to Tesla) is 4 hp lower (376 compared to 380), but the car apparently gets the speed benefits by putting 188 hp on each axle. On the P85D, everything's different. Here, Tesla isn't just dividing the motor into two smaller versions. Instead, the old 470-hp motor is replaced by a "High Performance Dual Motor" setup that has a total output of 691 hp, 221 hp in the front and 470 hp in back. That's how you get the headline 3.2-second 0-60 time alongside the same 155 mph top speed, but the price tag jumps to $14,600 for the setup. Tesla CEO Elon Musk said last night that the tremendous drop in 0-60 time gets you 10 miles of extra range from the dual-motor setup. But if you don't need the quickness, you can go even further. Without the dual motors, an 85-kWh battery Model S can go 265 miles (EPA numbers). The standard 85D gets its range increased to 295 miles at 65 mph (according to Tesla's numbers) while the quicker P85D can "only" go 275 miles. Dual-motor Model S versions will begin deliveries in February 2015. The A option, officially called the "Tech Package with Autopilot," costs $4,250. This is the way that you can get your Model S to drive itself (on private property) and act as an active safety net to your own driving on public roads. Since all Model S EVs now come standard with a new forward-looking camera, radar and 360-degree ultrasonic sensors, the "Autopilot" part of the package would appear to be mostly a software switch. The rest of the package is rounded out by things like seven years of free navigation map updates, LED running lights, memory seats and more.