Tesla Motors Inc., which has almost tripled in market value this year, can make its electric cars efficiently enough to achieve a gross profit margin approaching Porsche SE’s, Chief Executive Officer Elon Musk said.
Tesla Motors Inc., which has almost tripled in market value this year, plans to expand its line of electric vehicles to at least four with a compact sport-utility vehicle, Chief Executive Officer Elon Musk said.
Elon Musk was fresh off the sale of PayPal and starting another business, commercial rocket service Space Exploration Technologies Corp., when he met kindred spirit JB Straubel. Their shared belief that consumer electronics advances could be applied to more earthly modes of transport is a cornerstone of Tesla Motors Inc.
Elon Musk, Tesla Motors Inc.’s chief executive officer and co-founder, said his realization the electric-car maker could retire its U.S. loan nine years early didn’t arise until Tesla shares unexpectedly surged this month.
Aerodrom Nikola Tesla AD, Serbia’s main airport, will serve 3.5 million passengers this year, the most since the 1990s, when Yugoslavia’s bloody breakup and sanctions closed it to international traffic.