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.
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Glencore is negotiating a long-term contract to ship cobalt to Tesla ’s new electric vehicle factory in Shanghai, according to people familiar with the matter.
Porsche shrugged off widespread industry malaise, reporting record deliveries for last year and predicting that its first all-electric model Taycan will foster further growth in 2020.
Elon Musk is getting a laugh out of a 503-day-old marijuana joke that securities regulators didn’t find so funny.
Europe is poised to lead global growth in electric-car sales next year as governments across the region offer consumers ever-sweeter incentives toward the purchase of new vehicles.
Elon Musk has said hitting the door of Tesla’s new Cybertruck with a sledgehammer damaged its armoured glass which then broke during a failed demonstration of the new vehicle.
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Ford is reinventing one of its marquee models – the Mustang muscle car – as a battery-powered crossover to become a player in the electric-vehicle market that is expected to take off in the coming decade.
It took Tesla about 15 years to rack up US$5-billion in losses. The company known as China’s Tesla did it in four.
Mercedes-Benz gave car buyers a glimpse of the top-end of its electric model plans, showing off a sleek silver battery-powered concept version to complement the flagship S-Class sedan.