At the Tesla Battery Day event, its founder Elon Musk announced the plans to build a budget electric car for $ 25,000 using a much cheaper battery.
If the plans will be realized, the new car will be the most budgetable in the Tesla line. Nowadays the company’s cheapest model – sedan Model 3 – costs $ 37,990.
“One of the things that worries me the most is that we don’t really have a truly affordable machine, and we will do it in the future. But to do this, we must reduce the price of the batteries “- said Musk. He said that the cheaper electric car will be ready in about three years. Among other things, the billionaire said: “Over time, each automaker will have electric cars capable of traveling long distances. But not every company will be well to cope with the production. ”
Musk also highlighted that he intends to increase annual production to 20 million cars. This is almost twice of the sales of Volkswagen, the record holder for this indicator, for the last year. After the event, Musk stressed on Twitter that Tesla will increase annual production by almost 50% in 10 years, and maybe “a little faster.”
Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]
Tesla CEO Elon Musk wants to turn the Tesla plant near Berlin into the world’s largest factory for the production of batteries for electric vehicles. The businessman stated this on Tuesday, November 24, speaking via video link at the European Conference of Battery Manufacturers. The plant near Berlin will be one of a kind as […]
Shares of US electric car manufacturer Tesla continue to rise sharply amid news of the company’s future accession to the S&P index. On Tuesday, November 24, the market value of Elon Musk’s company crossed the $ 500 billion mark for the first time. Tesla shares are said to have risen nearly 550 percent this year, […]
Founder of Tesla Inc. and SpaceX Elon Musk took second place in the list of the richest people in the world, ahead of Microsoft founder Bill Gates. This was reported by the Bloomberg Billionaires Index. Over the past 12 months, Mask’s fortune has grown by about $ 100 billion, according to Bloomberg estimates. According to […]
German automaker Volkswagen will invest about 73 billion euros over the next five years in electrification, hybrid powertrains and digital technology, the company said in a statement following a meeting of the supervisory board. In particular, about 35 billion euros are planned to be spent on electric cars on battery power, about 11 billion – […]
Traton Group, Volkswagen’s subsidiary for truck production, announced the purchase of its American competitor, Navistar International. Traton, which already owns about 16.7% of Navistar, is buying 83.3% of the company’s shares for the remaining $ 3.7 billion. Thus, the total value of the American company is estimated at $ 4.4 billion. Traton will pay Navistar […]
Tesla Inc. paid its chairman and founder, Elon Musk, $ 3 million in compensation for D&O insurance to defend, settle disputes, or make court decisions. This was reported by Insurance Business. This insurance covers the expenses of the members of the board of directors, which are not included in the general expenses of the top […]
According to trading data, securities of the microblogging service Twitter Inc. after the close of the main trading session in the US fell in price by more than 17%, also according to financial statements, in the red were the shares of US technology giants Amazon, Apple and Facebook, only Alphabet reporting pleased investors. Thus, shares […]
PIMCO and other investors appealed to the court with the case against Citigroup, due to the fact that the bank is not able to control the mortgage loans, resulting in $2.3 billion of losses. Citigroup will respond in a New York´s state court in Manhattan for actions that not justified the confidence of investors. Now […]
NextThe Russian office of the Swedish cosmetics company Oriflame suffered a series of cyberattacks, after which passport scans of 1.3 million Russian customers entered the network. The publication reports that as a result, passport data were put up for sale on the hacking forum RaidForums. “Passport scans of not only Russians, but also clients of […]
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NextThe first license for an online casino in Ukraine was issued to SpaceX LLC. The Commission for Regulation of Gambling and Lotteries made the relevant decision on Tuesday, February 2. The license entitles the company to carry out “activities related to the organization and conduct of casino games on the Internet” legally. Serhiy Potapov is […]
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NextChinese Internet company Alibaba and electronics manufacturer Xiaomi will be included in stock exchange index Hang Seng Index from September 7, said the operator’s Hang Seng Indexes. Earlier, the operator announced the results of the review of indexes for the quarter ended June 30. Along with Alibaba and Xiaomi, the index will also include WuXi […]
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NextElon Musk, an American businessman, founder and head of Tesla and SpaceX, dropped from second to third place in the ranking of the richest people on the planet according to Bloomberg. The entrepreneur’s fortune is estimated at 160.6 billion dollars, while at the end of February it was 183 billion. According to the agency, Musk […]
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