The Transportation Department, which holds sway over planes, trains and automobiles, faces limits on how it spends money. Still, here are five possible steps.
Rivian, which has raised another $2.65 billion, plans to sell a pickup truck and S.U.V. it has worked on for more than a decade.
New data published Thursday shows that despite the higher sticker price, electric cars may actually save drivers money in the long-run.
Traditional automakers have struggled to sell electric cars. That could change as Ford, Volkswagen and others introduce new models.
The Purosangue, whose details remain closely held, will be out next year. But the carmaker’s evolving lineup, too, points to a (slightly) more inclusive approach.
Mr. Musk’s net worth was $188.5 billion at 10:15 a.m. in New York on Thursday, $1.5 billion more than taht of Jeff Bezos.
Carmakers say new models should also help lift the industry in 2021, after a 15 percent decline in its slowest year since it recovered from the Great Recession.
Shareholders of the two companies voted to join forces in an effort to cope with a major technology shift and plummeting sales.
The milestone seemed unreachable just three years ago and comes as Tesla has seen a string of profitable quarters and a buoyant stock.
As Tesla completes a factory in Berlin, Mercedes-Benz and Audi are introducing electric cars in bids to defend their dominance of the luxury market.