Technology News

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.

Elon Musk has expressed interest in creating an R&D facility in India even though he has been critical of the restrictive policies in the country

Musk's vision for a vertically integrated Tesla pushed him towards developing its own chipset architecture.

So far, the record for Tesla for most deliveries in a quarter has been 112,000 models, which happened in the fourth quarter of 2019.

Rivian has plans to bring the R1T electric truck to the US market by June 2021.

The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers.