New electric vehicle startup Faraday Future hopes to rival Tesla in the battle for best luxury EV by investing $1 billion in a U.S. manufacturing facility.
Tesla Motors has completed both prototypes of the Model X battery-electric SUV, which should begin production in late 2015, the company noted in an SEC filing.
Tesla Motors has introduced the Model S 70D to replace the outgoing Model S 60 base model, and increases range to 240 miles, the company has announced.
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