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 […]
Telegram Messenger registered more than 70 million new users against the background of a large-scale failure of the social network Facebook and its services. The founder of the messenger Pavlo Durov announced this in his Telegram-channel. “Telegram’s daily growth rate is an order of magnitude higher than normal, and in one day we have received […]
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Four world’s biggest enterprises who producing tobacco products – British American Tobacco, Imperial Tobacco, Philip Morris International and Japan Tobacco International appealed this week to the court against the government, where they are opposed to the introduction of a new law in Britain banning branded a pack of cigarettes. According to the law, which will […]
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Almost 100% of the shares (99.83%) of Kherson heat and power plant will be re-auctioned by the State Property Fund of Ukraine. According to preliminary data it will be held on March, 16 of this year on sale with a starting price of 155 million UAH. It is reported by the source Sehodnia.ua. Terms of […]
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The Danish government will stop issuing new licenses for the development of oil and gas fields in the North Sea. The country will completely stop hydrocarbon production by 2050, according to Bloomberg. The Danish government reached an agreement with parliament late Thursday night to abandon a previously scheduled eighth round of licensing, as well as […]
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HarvEast Agro, together with the heads of the state district administrations and district councils in the territories of the company will determine the presence of social finance projects for 2016. The parties have agreed this on this year’s first collective meeting, which took place in Mangushevskyi, Volodarskyi and Volnovakhskyi districts, Donetsk region. In the near […]
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Antimonopoly regulator of EU approved the agreement of 16.2 billion euro merger with French group for the production of luxury goods LVMH (Louis Vuitton Moet Hennessy) and transnational jewelry company Tiffany. This was reported by Reuters. According to the information, the merger agreement was approved without additional conditions for the companies. Earlier, Tiffany reported that […]
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The American manufacturer of electric cars Tesla Inc apologized to Chinese customers for how the company responded to complaints, and promised to create a center to improve the quality of service, according to The Wall Street Journal. The move came after one of the visitors to the Shanghai Motor Show on Monday staged a demonstration […]
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The world’s largest car manufacturing company Volkswagen, which has recently been involved in a major diesel scandal for understating of emissions of harmful substances into the atmosphere, will now be sued in court on charges of violation of environmental legislation. Recently the USA Department of Justice filed a civil suit in federal court. The statement […]
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A staff lawyer or a freelance consultant? This question was asked by many businesses, if not by all. And any of the control of management found both pluses and minuses of each option. Some people prefer in-house lawyers (corporate – in house), because they know the situation “from within”, while others are trying to involve […]
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According to the Investor`s news, in 2020, the volume of transactions worldwide mergers and acquisitions (M & A) totaled $ 1.97 trillion. The publication noted that major transactions between IT-companies account for almost one fifth of the total. According to the global data provider and stock market infrastructure Refinitiv, the volume of the deals of […]
NextGrey Group, one of the largest global communications networks has acquired a majority stake in Easycom, a social media agency in China. This acquisition will accelerate Grey’s growth in one of the world’s most dynamic emerging economies and offer clients access to a new vary of marketing services. Founded in Shanghai in 2006, Easycom has a […]
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Commodity Futures Trading Commission USA announced the application of penalties in respect of the American division of the oil company Total. The company is accused of fraud in the gas market in the USA, in an attempt to carry out manipulations with the index monthly gas prices in Houston and other markets in the United […]
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The London Court of International Arbitration upends the long-term dispute between the Arricano Real Estate and Stockman Interhold in respect of ownership of the Sky Mall shopping center. For a long time the conflict over the asset has been one of the most high-profile cases and negative in the sphere of development of Ukraine. May […]
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Recently, it became known that the degrouping of the HarvEast company from its assets took place in March in Crimea, – says the press service of the company. “The decision to sell the assets of the HarvEast on the peninsula was rendered in 2013 due to the fact that this area belongs to the high-risk […]
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Bill Ackman, the owner of the Pershing Square Capital Management investment firm recently announced that he sold 5 million shares in a major pharmaceutical company Valeant Pharmaceuticals. Thus, his part fell from 9.9% to 8.5%. In an official statement, which was provided by the USA regulatory authorities stated that the sale aims to cover tax […]
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Automaker Lamborghini has recreated the very first copy of the famous Countach supercar, built in 1971. The project is dedicated to the 50th anniversary of Countach. This was reported by the press service of Lamborghini. “The Lamborghini Countach LP500 debuted at the Geneva Motor Show in March 1971 and marked a new era not only […]
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