BMW’s first electric Mini will hit the streets by the end of the year, targeting urban buyers and giving the German manufacturer more ammunition to compete with Volkswagen and Tesla.
For Elon Musk and Tesla, the blows from Wall Street came one after another this week – a relentless barrage that left the stock so beaten up that some now wonder if it can ever regain its status as the ultimate 21st century disrupter.
Tesla expects to have full self-driving cars in which humans will not have to touch the steering wheel by around the second quarter of next year.
Elon Musk is in a rare public dispute with a critical supplier, Panasonic, the company that makes all of the lithium-ion battery cells that power Tesla’s electric vehicles.
The US Securities and Exchange Commission said it’s “stunning” that Elon Musk didn’t seek pre-approval of any of his tweets about Tesla in the months since he was ordered by a judge to do so.
Tesla CEO Elon Musk has unveiled a cheaper electric crossover SUV, the Model Y, in a bid to regain momentum after a rough start to the year.
Volkswagen aims to produce almost 50% more electric cars than it previously targeted, boosting a bet that has already strained profit margins.
Tesla said it’s rolling out new technology that will cut typical recharging times for its electric vehicles to about 15 minutes.
Tesla CEO Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales.
Elon Musk said on Sunday that Tesla will unveil its Model Y crossover in less than two weeks, as questions about store closures and employee layoffs threaten the company’s growth narrative.