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Wednesday, June 7, 2023

Elon Musk and Tesla Set Their Sights on a Popular Industry

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Elon Musk and Tesla  (TSLA) – Get Tesla Inc Report utterly modified the automotive business. 

Five years in the past, legacy automobile producers had been nonetheless skeptical in regards to the flip to electrification. They had been hesitant to make large investments, showing to scoff on the wager made by Musk and Tesla that cleaner automobiles would entice customers regardless of their excessive price. 

But a number of years later, uncommon are the automotive producers who don’t swear by electrification. Ford  (F) – Get Ford Motor Company Report went as far as to hold out a Copernican revolution by creating two divisions: one for inside combustion engine (ICE) or gasoline automobiles, Ford Blue, and one other for battery powered automobiles (BEV), Ford e. Incidentally, the Dearborn-based firm made it clear that its precedence was now Ford e. 

Source: www.thestreet.com

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