What Happened: U.S. President Joe Biden is pushing to add more than 500,000 charging stations over the next four years. Many investors believe this will favor traditional automakers, but Loup says that’s not necessarily the case. “We see it as a positive for both, given EV adoption is still nascent at about 2% of new vehicle sales … Read more
Edinburgh-based firm Baillie Gifford took early bets in some of last year’s biggest winners. Tesla, Moderna and Alibaba have made the firm profits of around $27.6 billion – Bloomberg data. The Baillie Gifford team told Insider their 3 tips to making a success of active investing. Visit the Business section of Insider for more stories. … Read more
Putting at rest all speculation around a partnership with Tesla, Tata Sons chairman N Chandrasekaran said on Wednesday that there is “no dialogue” with the Elon Musk-owned car company for a partnership in India, while adding, “We will do it on our own.” “There is no dialogue with Tesla. With us, there is nothing,” Chandrasekaran … Read more
Elon Musk expects Tesla to lead the solar market after a ‘better’ integration of two key teams. The company was heavily focused on building and producing Model 3 cars but can now turn more attention to solar, Musk said. Visit Business Insider’s homepage for more stories. Elon Musk, CEO of Tesla, believes that the electric … Read more
Tesla’s market value hit $100 billion for the first time Wednesday, triggering a payout plan that could be worth billions for Elon Musk, founder and chief of the electric carmaker. Shares in Tesla rose some 4.8 per cent in opening trade to extend the gains in the value of the fast-growing maker of electric vehicles. … Read more