Production problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought.
They’re quieter and better for the climate. But snow and water create new technological challenges for designers.
The Tesla challenger said it continued to have problems finding needed parts.
The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.
Under pressure to cut emissions, truck manufacturers are choosing between batteries and hydrogen fuel cells. Wagering incorrectly could cost them billions of dollars.
Delays in producing the pickup have allowed rivals like Ford to beat Tesla to market with electric pickups.
The electric carmaker maintained its momentum from last year even as larger automakers continue to struggle with parts shortages.
The German automaker, which has made cars in the state for decades, has invested $1 billion in a factory to supply the power for electric vehicles.
The electric car start-up cited shortages of semiconductors and other supply chain problems.
The move would raise money at a time when automaker is investing heavily in electric cars and batteries.