BMW will offer a fully electric 5-series as part of sweeping product overhaul unveiled on Monday as the German car maker seeks to lower vehicle emissions during production and on the road.
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Tesla CEO Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth.
Tesla’s rapid rise to become the world’s most valuable car maker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software.
Bolt, the company formerly known as Taxify, has launched a lower-cost ride-hailing service that it claims is the cheapest in South Africa.
South Africa is considering an independent board for its ailing national airline, with a shareholder structure similar to that of part state-owned telecoms firm Telkom, a senior government minister said.
It was sold as an all-or-nothing moonshot into space, the boldest pay package in corporate history. Now, with Tesla’s stock on a seemingly unstoppable rise, Elon Musk is poised to collect $2.4-billion.
Tesla’s eye-popping run has left stock prognosticators in the dust, brought smaller imitators along for the ride and triggered a race by entrants new and old to cash in.
Shares of Tesla ended down 3.1% on Monday, tapping the brakes on a rally that has boosted the electric car maker’s stock by over 40% in two weeks.
Tesla is “very close” to achieving level-5 autonomous driving technology, CEO Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.
Fuel retail giant Engen has launched a payment app for smartphones that does away with the need to use a point-of-sale terminal on its forecourts, thereby reducing the chances of contracting Covid-19.