Tesla’s battery strategy has “no advantage,” Ford CEO says

Tesla’s battery strategy will not be adopted by legacy automotive company Ford, because Jim Hackett, the company’s CEO, says there is “no advantage” in migrating capital into owning a cell manufacturing facility. During Ford’s Q2 2020 Earnings Call in late July, Morgan Stanley’s Adam Jonas asked about the company’s strategy to produce EV batteries in-house, […]

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Tesla’s Elon Musk passes rival Mark Zuckerberg in net worth

Tesla’s meteoric surge in stock price has put CEO Elon Musk ahead of Facebook’s Mark Zuckerberg on the Richest in the World list. The two men have a tumultuous relationship that has resulted in a rivalry, and it all started in 2016 when SpaceX’s Falcon 9 rocket blew up, destroying a Facebook satellite. Musk is […]

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