Elon Musk's Tesla on its way to $1 trillion market value

The maker of the Model 3 sedan — the top-selling electric car worldwide — is poised to be the second fastest company ever to reach this mark

“Tesla is the leader in EV manufacturing, batteries and autonomy,” Morgan Stanley analyst Adam Jonas wrote in a note on Monday. “Tesla also has a suite of enabling technologies and other businesses that would allow the company to be an auto and energy champion in the long run.”Article content

The push toward electrifying all modes of transportation — especially cars, trucks, buses and vans — has rapidly intensified this year, with governments pledging to find solutions for the climate-change crisis. “The outlook for EV adoption is getting much brighter, due to a combination of more policy support, further improvements in battery density and cost, more charging infrastructure being built, and rising commitments from automakers,” Bloomberg New Energy Finance noted in a September report. BNEF estimated that passenger EV sales will increase sharply in the next few years, reaching 14 million in 2025 compared with 3.1 million in 2020.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

nationalpost /  🏆 10. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Cybertruck will have side mirrors after allICYMI: Tesla Cybertruck will have side mirrors after all — via drivingdotca autonews EV Tesla Cybertruck
Read more »

U.S. safety board says driver, passenger seats occupied during fatal Tesla crashU.S. safety board says driver, passenger seats occupied during fatal Tesla crash — via drivingdotca autonews
Read more »

Sleeping B.C. Tesla driver speeds across busy Vancouver bridgeICYMI: Sleeping B.C. Tesla driver speeds across busy Vancouver bridge — via drivingdotca autonews
Read more »

Sleeping B.C. Tesla driver speeds across busy Vancouver bridgeICYMI: Sleeping B.C. Tesla driver speeds across busy Vancouver bridge — via drivingdotca autonews
Read more »

Pope pleads to not send migrants back to Libya and ‘inhumane’ campsPope Francis calls on the international community to find concrete ways to manage the “migratory flows” in the Mediterranean
Read more »