battery development, electric vehicles, million-mile battery, tesla

Tesla and the World’s First Million-Mile Battery

Tesla cars will soon have batteries that can last for a million miles. The batteries are being produced by a Chinese company called Contemporary Amperex Technology (CATL), which signed a supply agreement with Tesla in February this year. With a life of a million miles, the battery might well outlast the car itself. The million-mile ...

Armin Auctor

A Tesla charging station.

Boom, Vroom: Tesla Market Value Exceeds $100 Billion

Last month, Elon Musk’s Tesla hit a market value of US$100 billion for the first time in history. As of now, the company’s market value is hovering around US$140 billion. Tesla has officially overtaken Volkswagen as the second most valuable carmaker in the world, with Japan’s Toyota being the only challenge ahead.   Rising Tesla ...

Armin Auctor

Tesla.