The company sells the electric Roadster, which may be helping change perceptions of electric vehicles, which many have seen as underpowered. The Roadster can accelerate to 60 miles per hour in just 3.6 seconds.
Tesla plans to shift to producing an electric sedan, called the Model S, in coming years, but it doesn’t expect to make money soon, which is why the successful IPO is a little surprising. The company also recently got a boost from Toyota, which agreed to work with Tesla on developing electric vehicles and to buy $50 million of Tesla’s stock. It’s also getting a $465 million load from the U.S. government, through the Department of Energy.
The next couple of years could be key for the company, which will face competition from major automakers such as GM and Nissan which plan to roll out electric vehicles two years before Tesla can started selling its luxury sedan.
This startup wants to copy you into an embryo for organ harvesting
With plans to create realistic synthetic embryos, grown in jars, Renewal Bio is on a journey to the horizon of science and ethics.
This artist is dominating AI-generated art. And he’s not happy about it.
Greg Rutkowski is a more popular prompt than Picasso.
VR is as good as psychedelics at helping people reach transcendence
On key metrics, a VR experience elicited a response indistinguishable from subjects who took medium doses of LSD or magic mushrooms.
This nanoparticle could be the key to a universal covid vaccine
Ending the covid pandemic might well require a vaccine that protects against any new strains. Researchers may have found a strategy that will work.
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