TESLA EXPECTS PROFIT AS CAR DELIVERIES PICK UP#

TESLA MOTORS INC. the Silicon Valley Auto Maker said it would report a first-quarter profit, sending the luxary electric-maker's shares surging 16% on Monday. The Palo Alto, California maker of $70,000 vehicles lifted its forecast for the quarter after delivering more Model S electric vehicles. Tesla has a backlog of 15,000 orders and books revenue for the vehicles as soon as they are shipped to customers. In 4 p. m. NASDAQ Stock Market trading reported TESLA finished up $6.04 at $43.93. It is reported that TESLA vehicles are being seen more and more throughout the San Francisco Bay area streets and highways. TESLA's business model unlike FORD, GENERAL MOTORS, and CHRYSLER place a store in a Mall with very little if any inventory. The TESLA customer basically builds his car from scratch in the store and the vehicle is shipped out after built. TESLA MOTORS operate state of the art stores however, old school car dealerships have tried to slow them down in their expansion citing out of date State Motor Vehicle Codes requiring dealerships to have a minimum of several thousand square foot of space for inventory storage. The older dealerships of yesterday do not seem to get the message that the days of carrying a million dollar inventory and paying interest on vehicles that are not selling is coming to an end.

JEEP CHEROKEE SUV AND ALFA ROMERO PAIR

CHRYSLER GROUP LLC is preparing to roll out a new midsize Jeep that illustrates the promise and challenges that Chief Executive Sergio Marchionne is confronting as he merges Chrysler and Fiat SpA into a single, global auto maker. The 2014 Jeep Cherokee, which debuts soon at the New York Auto Show, is based on a design first developmented for Fiat's Alfa Romeo-a sharing intended to spare Chrysler hundreds of millions of dollars in engineering costs and shorten the time it takes to get new vehicles to market. The new Cherokee is expected to be Chrysler's most important all-new vehicle debut this year and its best hope for attracting new buyers and keeping Chrysler's U. S. sales on the rise. Last year, Chrysler sold 1.65 million vehicles in the U. S. , up 21% over the previous year.