Technology News

Honda's virtual showroom enhances customers' field of vision and perspective with its 360-degree view of both the virtual space and the car that they are looking at.

Tesla is calling these batteries the 4860 cells and they will be five times more efficient and six times more powerful.

This comes after Musk revealed plans to develop a smaller Tesla hatchback in China.

Investors slashed $50 billion from Tesla Inc's market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years.

Tesla Chief Executive Elon Musk warned on Tuesday about the difficulties of speeding up production as an expert cautioned the carmaker's increased reliance on large-scale aluminium parts could bring new manufacturing challenges.

Tesla Inc CEO Elon Musk on Tuesday is scheduled to showcase the company's advanced battery technology, with investors expecting he will outline how the company's electric vehicles will surpass the cost and convenience of internal combustion engines.

The South African born billionaire has also indicated that there is a subscription service in the works for the self-driving capability.

Anmol Singh Jaggi, founder and CEO, cited the fact that EVs have already crashed by 30-35 per cent thanks to a combination of tax reliefs and scales of the OEMs increasing.