It was kind of inevitable that Tesla’s biggest challenger wouldn’t be a car company. Apple makes for the perfect nemesis and could teach its Californian cousin a thing or two about reliability and delivery.
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Apple is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter said.
Elon Musk on Sunday asked about the possibility of converting “large transactions” of Tesla’s balance sheet into bitcoin, according to a Twitter exchange.
Hyundai Motor Group said on Wednesday that it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs.
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.
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.
Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla co-founder passed Bill Gates to become the world’s second richest person.
Elon Musk’s rocket company SpaceX launched four astronauts on a flight to the International Space Station on Monday, Nasa’s first full-fledged mission sending a crew into orbit aboard a privately owned spacecraft.
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.