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During the auto show, held in New York at the end of last week, the leaders of the automotive companies announced their intention to invest billions of dollars in the production of electric cars, despite the low level of demand for them in the United States, Reuters reported. In 2018, sales of electric and hybrid cars accounted for only about 2% of total sales, more than a third of them accounted for sales of Tesla cars. Companies that participated in the showroom, presented a lot of unusual new and sporty models. Internet analyst Autotrader Michel Krebs suggested that the demand for electric cars could only grow after a significant improvement in the infrastructure of charging stations, improved battery performance and lower prices for cars with electrical charging.
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
Tesla Inc will be manufacturing mobile molecule printers in an attempt to aid Germany’s biotech firm CureVac in developing a potential COVID-19 vaccine, according to a tweet by the electric-car maker’s CEO Elon Musk on Wednesday. CureVac ...
The European aviation Airbus (AIR.PA) announced on Monday that its airplane production and deliveries would be 40% lower for the next two years compared to its planned pre-crisis strategy. The CEO's comments underscore the threat to jobs as ...
BMW’s head of influential work council said that they must head toward a technology platform specifically for electric cars, moving away from only developing cars that can be refitted with either electric or combustion engines. "Only ...
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