Tesla’s market value soared past $540-billion this week — equivalent to 250 times its expected earnings this year — meaning it’s now the world’s 10th most valuable listed business.
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Shares in Tesla have surged 40% since 16 November, when it was announced the electric car maker would join the S&P 500 in December.
Volkswagen’s ID.3 hatchback rose to the top of Europe’s electric-car sales charts a few months after hitting the market, narrowly beating a Renault model and trouncing Tesla’s Model 3.
Sales of hybrid and electric cars are growing much more slowly in South Africa than in the rest of the world. There are many reasons for this.
German luxury car maker BMW has unveiled an electric sport utility vehicle called the BMW iX, planned to go on sale in early 2022 to compete with Tesla and other rivals.
South Africa’s only high-speed rail network is drawing up a multibillion-rand plan to expand outside Johannesburg and Pretoria, joining a potential bonanza of infrastructure projects.
At Tesla’s Battery Day event in September, CEO Elon Musk set himself an ambitious target: to produce a $25 000 electric car in three years. Hitting that price is seen as critical to deliver a true, mass-market product.
California just started the clock on a future that just a few years ago would’ve been unthinkable: dealerships full of nothing but zero-emissions cars.
The world’s first flight by a “commercially available aircraft” powered by hydrogen fuel cells has been heralded as a milestone in the development of sustainable aviation.
Investors slashed $50-billion from Tesla’s market value on Tuesday despite CEO Elon Musk’s promise to cut electric vehicle costs so radically that a $25 000 car that drives itself will be possible within three years.