The companies will also form a group, Team Upshift, to explore uses of data to develop new retail, create new ownership offers and other services for Ford customers.
Tesla’s quarterly report on Wednesday could trigger a $7 billion options payout to Chief Executive Elon Musk, while owners of the electric car maker’s soaring stock are keen to hear the company’s target for 2021 deliveries.
Tesla posts its December quarter results following a nearly 700% surge in its stock over the past 12 months that has made it the fifth-most-valuable publicly traded U.S. company, eclipsing Facebook.
Tesla's rivals and Chinese partners of General Motors, Toyota and Honda also follow NIO's lead to develop cutting-edge batteries that can allow automobiles to achieve the 1000km driving range on a single charge.
“Am donating $100M towards a prize for best carbon capture technology,” says Musk.
The International Energy Agency said late last year that a sharp rise in the deployment of carbon capture technology was needed if countries are to meet net-zero emissions targets.
Volkswagen is reducing the combustion-engined cars it offers and retooling more factories to build electric vehicles in an effort to keep up with electric carmaker Tesla.
He added that the bulk of investors are not day-to-day traders, but people making a long-term punt -- and he estimates that the spectacular price boom of recent weeks has involved only around five millions units.
“He refused to take the meeting,” said Musk replying to a Twitter chain which cited a Reuters story on Apple targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology on Monday.
Tesla’s meteoric rise has made it the most valuable auto company in the world despite production that is a fraction of rivals such as Toyota Motor, Volkswagen and General Motors.
At the same time, Diess dropped his demand for an early extension of his contract, which runs until 2023, according to people close to the supervisory board.