Tesla’s transformation from a company that lost large sums of money every year has been made possible in large part by rising sales in China and Europe.
Lacking a strong domestic battery industry, Britain may be left behind by the shift to electric cars.
The pandemic dampened sales for all automakers in the spring and summer, and Tesla’s plant in Fremont, Calif., was idled from late March until the middle of May.
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.