Musk's fortune rose by $6.07 billion on Friday, Bloomberg News said, following a 10.8% jump in the electric carmaker's stock. Tesla's shares have surged 500% over the past year as the company increased sales of its Model 3 sedan.
As sales of internal combustion cars have fallen, demand for battery-only cars and hybrids that combine electric motors with conventional engines has been stable or even increased, recent statistics show.
Tesla delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China’s COVID 19-related shutdown disrupted its production and supply chain.
On Friday, the rocket company SpaceX tweeted that the vehicle made its first close approach with Mars, coming within five million miles of it.
Uber Technologies, the world’s largest ride-hailing company, plans an initial public offering (IPO) that values the company as much as one-third below what the startup’s insiders had hoped for, between $80.5 billion and $91.5 billion. Underscoring the company’s ability to generate revenue but also the scale of its losses,
Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats. In the design studies, automakers have taken advantage
Electric car company Tesla said that its deliveries rose less than 2% in the third quarter, missing Wall Street estimates and sending its shares down nearly 6% in trading after the bell.
Tesla Inc shares tanked after the luxury electric car maker started offering $7,500 discounts on Model 3 and Model Y vehicles delivered in the United States this month,
Rich or not, young and old, hip urbanites and rural dwellers alike: Norwegians, including Crown Prince Haakon, are increasingly switching to electric cars.