Environment Forum

from DealZone:

Tesla sticker shock?

Elon Musk

With highly touted plans for a new electric car in jeopardy, an overseas investor steps in to provide new capital and a much-needed endorsement.

GM? No, Tesla.

Remarkably, the terms of German automaker Daimler AG's 10-percent stake in Tesla may have also helped the Silicon Valley electric-car start-up inch closer to GM in value.

Daimler's vague disclosure of its purchase price as  "double digit million dollar" means Tesla is valued at a minimum of $100 million.
That would make Tesla, which was founded nearly six years ago, about one-eighth the size of 100-year-old GM.

A world away in Detroit, GM has seen its share price spiral downward to near $1.  That the price may fall to near zero if the automaker files for bankruptcy as is widely expected. It would be worth less than 2 cents if GM proceeds with plans to issue a flood of new shares to pay off creditors.

GM was worth around $768 million, making it by far the smallest component in the Dow Jones industrial average judged by market cap.

Tesla hoping slow and steady will win the electric car race

tesla.jpgMore than 1,200 people have put in orders for their own Tesla Roadster, the all-electric sports car with an eye-popping price tag of $100,000. 

So far, only 27 have been delivered to customers.

Tesla disclosed this latest number in a press release on Tuesday, surprising those of us who remember the company’s chairman, Elon Musk, receiving his car in April.

That’s because for several months, the electric car maker only started production on three or four vehicles a week, according to spokeswoman Rachel Konrad.