With government support and lavish subsidies, Chinese companies have come to dominate the market for batteries, motors and other essentials Detroit may need for its new fleets.
The move, one of the most ambitious in the auto industry, is a piece of a broader plan by the company to become carbon neutral by 2040.
The company benefited from a jump in sales of electric cars in China and Europe, but its fourth quarter earnings fell short of Wall Street’s expectations.
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.