2022 Tesla Model 3 Performance Dual Motor All-wheel Drive on 2040-cars

Auto blog

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.

Recent Tesla Model S buyers frustrated over new features

Tesla wowed the motoring world when it recently unveiled the all-wheel drive, dual-motor D version that added power and range to the already well-regarded Model S. At the same time, the company showed off a new suite of safe-driving tech like a forward-looking camera, radar and ultrasonic sensors to come standard on all models. While the new features might attract some new buyers into the fold, for a few current owners the upgrades aren't coming as a pleasant surprise at all. Some of them are rallying for Tesla to fix things somehow.
These disgruntled owners aren't upset about what any of the new features actually do; in fact, they love them. The issue is Tesla's secrecy before the reveal. A few of these folks bought their cars just a few months ago, some even in September, according to The San Jose Mercury News. If the upgrades had been publicized earlier, then they would have waited to order versions with the latest and greatest tech.
Some of them are already on the web lodging their complaints. According to The San Jose Mercury News, the website Change.org has competing petitions asking Tesla to find a way to retrofit the features, which the company says isn't possible, and another requesting the automaker to ignore the complainers.

Tesla making plans for Gigafactory in at least two states

Ever since February, when Tesla officially announced that it would build a gigafactory to make the incredible number of lithium-ion batteries it expects to need to power its electric vehicles, we thought it would be located in one of four states. Those four states – Texas, Arizona, New Mexico and Nevada – have been lobbying the automaker ever since, hoping to hear that the new, $5-billion plant and its 6,500 jobs would set up shop within its borders. Turns out, two of them might get some good news soon. "We want to minimize the risk timing for the gigafactory to get up and running" – Elon Musk CEO Elon Musk said Tesla will announce locations in "at least two" states where it could build the gigafactory, according to Bloomberg. He said, "What we're going to do is move forward with more than one state, at least two, all the way to breaking ground, just in case there's last-minute issues. The number one thing is we want to minimize the risk timing for the gigafactory to get up and running." This isn't to say that Tesla will actually build two gigafactories (at least, not yet, but Musk hinted there may come a day when the automaker will need a second one), just that it is going to make sure there is no hiccup in the supply of lower-cost battery packs for the upcoming lower-cost Tesla EV, sometimes referred to as the Model E. The gigafactory is expected to not only produce more li-ion cells than were made globally in 2013 but also to reduce the cost of the overall pack by 30 percent, setting the stage for the $35,000 Tesla EV (estimated) to appear.