• Tesla will be the most profitable player in electric vehicles for years to come, UBS analysts say

    1 month ago - By Business Insider

    Summary List Placement Even as its competition in the electric-vehicle space heats up, Tesla will be its most profitable player for years to come, analysts at UBS said in a Wednesday report on the future of the auto industry.
    The team of analysts, led by Patrick Hummel, project that Tesla and Volkswagen will easily be the two largest producers of EVs by 2025, but that Elon Musk's automaker will vastly outperform every other electric car company in terms of profits .
    They estimate that Tesla will sell 2.3 million EVs that year and turn an operating profit of $20 billion. Volkswagen, they...
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  • From the ashes of nearly a billion dollars, Ample resurrects Better Place's battery swapping business model

    From the ashes of nearly a billion dollars, Ample resurrects Better Place's battery swapping business model

    1 month ago - By Tech Crunch

    A little over thirteen years ago, Shai Agassi, a promising software executive who was in line to succeed the chief executive at SAP, then one of the world's mightiest software companies, left the company he'd devoted the bulk of his professional career to and started a business called Better Place.
    That startup promised to revolutionize the nascent electric vehicle market and make range anxiety a thing of the past. The company's pitch? A network of automated battery swapping stations that would replace spent batteries with freshly charged ones.
    Agassi's company would go on to raise nearly...
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  • Tesla could become one of the most valuable software companies, UBS says

    1 month ago - By CNBC

    Software is the next battleground for electric vehicle companies, and UBS says Tesla is leading the charge.
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