Tag: #Tesla
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Elon Musk is now richer than Warren Buffett
Elon Musk’s net worth soared past Warren Buffett as the chief executive officer of Tesla became the seventh richest person in the world, according to the Bloomberg Billionaires Index. Musk’s fortune rose by $6.07 billion to $70.5 billion following a 10.8 percent jump in the electric carmaker’s stock on Friday and a hefty donation by…
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Industry races to meet demand for ventilators
Paris, March 25 (AFP/APP): Manufacturers are on a mission to produce desperately needed medical ventilators for the coronavirus pandemic, even if it means converting assembly lines now making auto parts. Along with a shortage of masks and gloves, the spread of COVID-19 to almost every corner of the globe has highlighted a great need for…
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‘Future is electric’: Porsche sets out plans to battle Tesla in US
Los Angeles, Nov 20 (AFP/APP): More than half the cars produced by Porsche will be electric by 2025, the German manufacturer’s North American chief said Tuesday as he set out plans to overtake market leader Tesla. “The future is electric,” Klaus Zellmer told the Los Angeles Auto Show, adding that the brand’s commitment to battery-powered…