Musk says innovations and in-house manufacturing can quickly halve that expense, while most competitors see a slower road to reach price parity with gas guzzlers
India's richest state Maharashtra has invited U.S. electric-car maker Tesla Inc, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year
The electric car maker also affirmed its target to deliver half a million vehicles by the end of this year
SEOUL (Reuters) - Shares in electric vehicle battery maker LG Chem <051910.KS> leapt as much as 4.1% in early trade on Thursday after the firm and major customer Tesla Inc both posted record quarterly profits.
While several analysts believe that goal is attainable, others see a worsening macroeconomic environment ahead
Tesla Inc will further cut the price of its Model S "Long Range" sedan in the United States to $69,420, the electric carmaker's chief executive, Elon Musk, announced in a tweet
Tesla CEO Elon Musk on Monday further revealed plans for the India entry of the electric car maker, saying the process to bring Tesla cars to India will begin in January 2021
LG Chem estimated that its operating profit jumped 159% to 902 billion won in the quarter ended September
With production of electric vehicles and batteries about to explode, Straubel says his ultimate goal is to "make a material impact on sustainability, at an industrial scale"
Each tranche gives Musk the option to buy 8.44 million Tesla shares at $70 each, about a sixth of their current price
The company produced 1,28,044 Model 3 and Model Y vehicles and delivered 1,24,100 of those
Tesla Inc chief executive Elon Musk indicated on Friday that the U.S. electric carmaker will make a foray into India in 2021
Tesla's new battery cell is key to achieving the goal of cutting battery costs in half and ramping up battery production nearly 100-fold by 2030
Musk acknowledged that Tesla does not have its ambitious new vehicle and battery designs and manufacturing processes fully complete
Tesla expects to eventually be able to build as many as 20 million electric vehicles a year
Microsoft Corp, Apple Inc, Alphabet Incand Facebook Inc, which together have fueled Wall Street's rally since the pandemic slammed markets in March, all rose more than 1 per cent
Many analysts and industry officials expected Musk to unveil battery improvements at the widely-anticipated event
Musk's goal has been to learn enough - from partnerships, acquisitions and talent recruitment - to bring key technologies under Tesla's control
Toyota, one of the world's biggest carmakers, began operating in India in 1997. Its local unit is owned 89% by the Japanese company and has a small market share
The electric car maker Tesla is set to showcase "many exciting things" at its Battery Day on September 22, Elon Musk has said