Elon Musk kicks off Investor Day, plans expected on more affordable EV
SAN FRANCISCO: Tesla kicked off an investor event on Wednesday at which Chief Executive Elon Musk is expected to lay out a plan to make a smaller, more affordable electric vehicle that would broaden his brand's appeal and fend off competition.
Capturing the mass market is critical to Tesla's goal of increasing deliveries 15-fold - to 20 million vehicles - by 2030. To do that, Tesla will have to improve its battery technology, which Musk has called the “fundamental limiting factor” for the transition to sustainable energy, making it a likely topic for Wednesday's address.
Tesla has become the world's most valuable car company by far, and the billionaire CEO has aspirations of cracking the mass market and turning the EV maker into a company that can create a more climate-friendly world. But Tesla cut prices in recent months to boost sales, which were pressured by a weak economy and growing threats from rivals in the United States and China.Tesla has promised to talk about expansion and capital expenditure plans, with a wide variety of projects from batteries to self-driving technology to new factories likely to be discussed.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk recruits team to develop OpenAI's ChatGPT rival - The Information:Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAI's ChatGPT, the Information reported on Monday, citing people with direct knowledge of the effort.Tesla and Twitter chief Musk has been recruiting Igor Babuschkin, a researcher who rece
Read more »
Elon Musk recruits team to develop OpenAI rival - The InformationElon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to ChatGPT, the Information reported on Monday, citing people with direct knowledge of the effort.
Read more »
Elon Musk recruits team to develop OpenAI's ChatGPT rivalMusk has been recruiting Igor Babuschkin, a researcher who recently left Alphabet’s DeepMind AI unit. Read more at straitstimes.com.
Read more »
Twitter cuts more staff as Elon Musk turmoil growsSAN FRANCISCO — Reports of more layoffs at Twitter landed on Monday (Feb 27) as owner Elon Musk waded into a racism controversy that risked pushing advertisers further away from the struggling platform.
Read more »
Elon Musk recruits team to develop OpenAI's ChatGPT rivalUNITED STATES – Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAI’s ChatGPT, the Information reported on Monday (Feb 27), citing people with direct knowledge of the effort. Tesla and Twitter chief Musk has been recruiting Mr Igor Babuschkin, a researcher who recently left Alphabet’s DeepMind AI unit,...
Read more »
Twitter to scale back New York office space as Elon Musk cuts costsElon Musk has been slashing costs since taking over Twitter last year. Read more at straitstimes.com.
Read more »