Electric car maker Tesla plans to introduce a new low-cost, long-life battery in its Model 3 sedan later this year or early next that it expects will bring the cost of electric vehicles in line with petrol models.
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Elon Musk restarted production at Tesla’s only US car plant, flouting county officials who ordered the company to stay closed and openly acknowledging he was risking arrest for himself and his employees.
Elon Musk elaborated on his pledge to sell his homes and most of his possessions, telling comedian Joe Rogan that people are increasingly and wrongly taking a dim view on the existence of billionaires.
BMW is facing pressure from Tesla and its Model 3. The German brand’s answer to the electric threat is a sleek battery-powered car called the i4.
Researchers were able to trick a Tesla vehicle into speeding by putting a strip of electrical tape over a speed limit sign, spotlighting the kinds of potential vulnerabilities facing automated driving systems.
Bill Gates paid Tesla a compliment for coaxing the car industry to go electric. If he was expecting kind words in return, he apparently shouldn’t have spoken about challenges that still lie ahead – or about his new Porsche.
All of last week, Tesla was tempting and taunting the pros, lighting up brokerage phone lines and getting blood pumping like no time since 1999.
Within minutes of the stock market’s open on Tuesday, shares of Tesla shot up 17%. Which feels extraordinary, except for the fact that they gained more the previous day.
As Tesla observers try to understand how and why the stock has tripled in a little more than three months, analysts are second-guessing the notion that the Model 3 maker will be caught anytime soon.
Tesla’s market value briefly topped $100-billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.