World: Tesla bigger than Fiat-Chrysler and Peugeot-Citroen combined!

Could Tesla one day save Peugeot? Or Fiat? And Chrysler?

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This post is sponsored by Nottingham based garage Arnold Tyres

I have related the success of the $70,000 Tesla Model S electric sedan in my latest Californian updates (see Q1 2013 here and Q2 2013 here), a state buying around half of all Teslas sold in the USA. Overall, 10,000 units of the Model S have found a buyer so far this year, with the brand posting its first ever benefits over the first quarter of 2013. Tesla plans to sell 21,000 by the time 2013 has come to an end, and double that in 2014. For now, all Tesla cars are manufactured in Freemont, California, but there are talks of a mass-market battery car that would require additional plants in Europe and Asia, and could be called Model E…

Why am I telling you all this? Simply because boosted by these results, the Tesla share in the Wall Street Stock Market has quadrupled in value since last January and doubled since mid-May, to go beyond $150. This means Tesla is now valued at $18 billion, around the same as Renault (without Nissan) and, closer to the Americans’ heart, more than Fiat-Chrysler and Peugeot-Citroen put together! And what if one of Detroit’s big 3 or a French carmaker could one day be saved from bankruptcy by a company created in 2010? Crazy? Nothing is too crazy for the man who inspired Robert Downey Junior’s impersonation of Iron Man, Pay Pal and Tesla inventor Elon Musk… And we may just be looking at one of the big manufacturers of the next decades…

Arnold Tyres is a long established, reputable garage in Nottingham specialising in MOTs and car servicing.

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