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Tesla Chief Executive Officer Elon Musk said on Monday improvements to be unveiled at the electric-car maker’s “Battery Day” event would not reach “serious high-volume production” until 2022, knocking its shares lower. Many analysts and industry officials expected Musk to unveil battery improvements at the widely-anticipated event, extending the automaker’s lead over General Motors, Volkswagen
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NASA on Monday revealed its latest plan to return astronauts to the Moon in 2024, and estimated the cost of meeting that deadline at $28 billion (roughly Rs. 2,05,787 crores), $16 billion (roughly Rs. 1,17,592 crores) of which would be spent on the lunar landing module. Congress, which faces elections on November 3, will have to sign
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CEO and founder of U.S. Nikola Trevor Milton Massimo Pinca | Reuters Shares of Nikola opened Monday at their lowest price since the company went public June 4 after company founder and Executive Chairman Trevor Milton announced his resignation overnight. The stock was down as much as 30% in premarket trading before opening at $24.97. The shares rebounded a
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Boris Johnson’s plans to impose a 10pm curfew on pubs and restaurants have been described as a “crushing blow” for the hospitality sector. The new measures are set to be enforced from Thursday across England, amid concerns that social distancing rules aren’t respected late at night. But Kate Nicholls, the chief executive of UKHospitality has
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