Business Insider spoke with Derek Jenkins, the VP of design at Lucid Motors, about designing the company’s upcoming Air EV. The Air debuted in September. The Air was first sketched out in 2015 and the design team had to figure out what would still look futuristic by the time the car debuted in 2020. Because… Continue reading How the designer of Lucid Motors’ $80,000 Tesla rival transformed a 2015 sketch into the EV of the future
Tag: Tesla
Goldman Sachs says Tesla will sell 15 million cars per year by 2040 — nearly double General Motors (TSLA, GS)
Tesla’s already worth more than any other American automaker, and Goldman Sachs expects it to soon overtake their sales numbers too. The bank on Wednesday upped its financial estimates and price target for the automaker’s high-flying stock to $780, the highest on Wall Street, citing continued market share gains. “If Tesla sustains its mid to… Continue reading Goldman Sachs says Tesla will sell 15 million cars per year by 2040 — nearly double General Motors (TSLA, GS)
Aston Martin boss distances himself from questionable EV report
Aston Martin Lagonda Global Holdings Plc is reviewing how a report was commissioned that researchers criticized for making inaccurate comparisons of the climate harm caused by cars powered by batteries and combustion engines. Tobias Moers, Aston Martin’s chief executive officer, said the report the carmaker compiled along with some of its peers predated him joining… Continue reading Aston Martin boss distances himself from questionable EV report
Tesla: Musk does not rule out alliances with a car manufacturer
CAR AT THE PLUG The “divine” Elon launches a new move: ally with a generalist (Afp) The “divine” Elon launches a new move: ally with a generalist December 3, 2020 2 ‘of reading Tesla’s number one, Elon Musk, does not rule out possible alliances with traditional car manufacturers. He said this when answering a specific… Continue reading Tesla: Musk does not rule out alliances with a car manufacturer
Daimler to cut out suppliers to fund software hiring spree
German group wants to own more of its technology to compete with the likes of Tesla Go to Source
Electric hypercar maker Rimac says SPAC funding hype could damage industry
By Reuters Staff 3 Min Read FRANKFURT (Reuters) – A surge in the use of special purpose acquisition companies (SPAC) for raising money for electric vehicle start-ups could harm the long-term prospects of the industry, Mate Rimac, founder of electric hypercar maker Rimac, said on Thursday. FILE PHOTO: A 2019 Rimac C2 Hyper car, valued… Continue reading Electric hypercar maker Rimac says SPAC funding hype could damage industry
Tesla and powerful German union prepare for a fight over Gigafactory Berlin workforce
Tesla’s effort to build a new Gigafactory near Berlin has had a few hiccups, but it seems to be going smoothly overall. However, it looks like the automaker might have to battle with IG Metall, a powerful union in Germany. Elon Musk came to Berlin earlier this week and got showered with compliments by German… Continue reading Tesla and powerful German union prepare for a fight over Gigafactory Berlin workforce
Tesla CEO Elon Musk says he’d be open to merger talks with a rival. ‘We’d certainly have that conversation.’
Tesla CEO Elon Musk said Tuesday that he would be open to discussing a merger with a rival automaker. “We’d certainly have that conversation,” he told Mathias Döpfner, CEO of Business Insider parent company Axel Springer. But Tesla wouldn’t launch a “hostile takeover,” he said. Tesla faced hostility from its rivals when he started out,… Continue reading Tesla CEO Elon Musk says he’d be open to merger talks with a rival. ‘We’d certainly have that conversation.’
Elon Musk would consider having Tesla acquire a legacy automaker
Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Döpfner. Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses,… Continue reading Elon Musk would consider having Tesla acquire a legacy automaker
Elon Musk warns Tesla staff that its stock could ‘get crushed like a soufflé under a sledgehammer’ if the company isn’t careful about spending (TSLA)
Elon Musk warned Tesla staff Tuesday that the company’s high-flying could crash if profits don’t continue to grow. He said shares could fall like a soufflé under a sledgehammer. Tesla reported its fourth consecutive quarterly profit in October, and is expected to report its first annual profit this year. Shares of Tesla have risen more… Continue reading Elon Musk warns Tesla staff that its stock could ‘get crushed like a soufflé under a sledgehammer’ if the company isn’t careful about spending (TSLA)