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Company founder and CEO Elon Musk may not mention Tesla Motors Inc's stock price when his electric car company gives its latest financial update on Wednesday, but it will be front and center for investors divided over its seemingly rich valuation. After a rally that ended in April, Tesla's market capitalization is currently about $31 billion - equivalent to $620,000 for every car it delivered last year, or $63,000 for every car it hopes to produce in 2020. By comparison, General Motors Co's $48 billion market value is equivalent to about $4,800 for every vehicle it sold last year.
By Joseph Ax and David Ingram NEW YORK (Reuters) - Former New York State Assembly Speaker Sheldon Silver, for decades one of the state's most powerful politicians, was sentenced on Tuesday to 12 years in prison for collecting millions of dollars in illegal kickbacks. U.S. District Judge Valerie Caproni said at a hearing in Manhattan federal court she hoped the sentence would deter corruption among other politicians. Silver, 72, had cast a shadow over whatever accomplishments he had as a lawmaker by participating in corruption, Caproni said.