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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 Roadster 3.0 package prototype announced with 400-mile possibilities

Once a car company ceases to manufacture a particular model, it is relegated to history, largely forgotten by its maker. Sure, warranties are honored and recall-worthy items are (hopefully) taken responsibility for, but post-production improvements are left up owners and the aftermarket. With the announcement of the Roadster 3.0 package, Tesla once again reminds us it is not most car companies. Following a heads-up given by CEO Elon Musk last week on Twitter, the company has now shared some details of a new upgrade it will be making available for its electric sports coupe sometime in 2015. For a yet-to-be-disclosed price, owners can opt to have their cars upgraded with a 70-kWh battery, some aerodynamically-optimized body bits and low-rolling resistance tires. Together, the enhancements should offer a 40-50 percent range improvement and give Roadsters a 400-mile range under certain conditions. Originally, it came with a 56-kWh unit and was rated for 245 miles on a charge. Tesla tells us that "this is a retrofit package currently in its prototype phase", and so it still isn't clear whether the changes will allow Roadsters to be compatible with the Supercharger network, or whether the body kit will affect the outward appearance. We do know that this automotive augmentation does not also apply to the Model S, though it does give hope that those cars will also be on the receiving end of similar upgrades in the future. The California company plans to put its 3.0 package to the test sometime early in the new year, with a road trip from San Francisco to Los Angeles. Interestingly, it says that this will not be the last time it offers improvements for its original model. You can get more details on the update below. Roadster 3.0 The Roadster 3.0 package applies what we've learned in Model S to Roadster. No new Model S battery pack or major range upgrade is expected in the near term. Battery technology has continued a steady improvement in recent years, as has our experience in optimizing total vehicle efficiency through Model S development. We have long been excited to apply our learning back to our first vehicle, and are thrilled to do just that with the prototype Roadster 3.0 package. It consists of three main improvement areas. 1. Batteries The original Roadster battery was the very first lithium ion battery put into production in any vehicle. It was state of the art in 2008, but cell technology has improved substantially since then.

Recharge Wrap-up: Nissan reveals GT-R LM Nismo, NRG plans eVgo expansion

Nissan has officially revealed the GT-R LM Nismo LMP1 car. The hybrid Le Mans racer uses a biturbocharged 3.0-liter V-6 up front to power the front wheels, plus a kinetic energy recovery system for an extra boost. Football fans likely caught a glimpse of the car in Nissan's With Dad commercial that aired during the Super Bowl, but the company has a couple more videos that show the car off quite well provided below. "This is innovation that excites," Says Nismo president Shoichi Miyatani. "Sustainability is at the top of our agenda, and the technical regulations for Le Mans give us the freedom to pursue new ideas in this area." Read more at Green Car Congress, or in the press release below. The NRG eVgo charging network now operates 120 DC fast charging stations in California. 60 of those are "Freedom Stations," offering both CHAdeMO and CCS charging cables, and 52 more of these are in the works. NRG plans to expand the eVgo network to 25 US markets in the next two years (up from the current 10), including chargers in Tennessee, as well as linking cities along the near entirety of the East and West coasts. Read more at Green Car Reports. Tesla has opened its 20th Supercharger station in the UK. The company says it will offer full UK coverage by the end of 2015. As of now, the Supercharger network extends as far north as Edinburgh, southwest to Exeter, and to Maidstone in the southeast, which is just up the road from access to mainland Europe through the English Channel Tunnel. Tesla operates more than 1,600 Superchargers worldwide at over 300 stations, with 129 stations and more than 670 Superchargers in Europe. Read more at Hybrid Cars. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Nissan reveals Le Mans challenger during Super Bowl - First glimpse of race-ready Nissan GT-R LM NISMO during Super Bowl XLIX - Innovative new LM P1 racing car is like no other Le Mans car - TAG Heuer, Motul and Michelin revealed as Nissan LM P1 partners YOKOHAMA, Japan Í– Nissan today declared itself ready to take on the world's best sports car manufacturers after revealing a glimpse of its Le Mans challenger – the Nissan GT-R LM NISMO – during the commercial break for Super Bowl XLIX. Last year's Super Bowl was the most watched television program in U.S. television history with over 110 million viewers.