An estimated $6-trillion is theoretically needed to build the infrastructure that electric cars need such as charging stations and power networks. That’s about 7.5% of the world’s GDP.
Browsing: Motoring
Tesla CEO Elon Musk has said the $20-million penalty he was given for announcing on Twitter that he had funding to take the electric vehicle maker private was “worth it”.
Profit secured! Tesla blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk’s bid to make selling electric cars a financially sustainable business.
Elon Musk moved a step forward in his vision for the future of public transportation, announcing that his Boring Co’s hyperloop test tunnel will open in less than two months.
Uber Technologies has been told by banks that it could be a $120-billion company when it goes public. Investors will be the ones who decide, though.
Market-leading ride-hailing app Uber has introduced new safety features for customers and drivers in South Africa. Safety Toolkit is aimed at reducing the risk of using the app.
Beneath the bonnets of millions of the clean electric cars rolling onto the world’s roads in the next few years will be a dirty battery.
Given recent market turmoil, it would easy to overlook the upcoming IPO of Niu Technologies, a Chinese manufacturer of electric mopeds.
Ride-hailing service Taxify – a direct competitor to market leader Uber – said on Thursday that it is now directly integrated with Google’s Maps app in South Africa.
The silence of Tesla’s board over the past two days after Elon Musk went on another Twitter tirade raises fresh questions about who has what it takes to oversee the unpredictable CEO.