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Tesla and Elon Musk are ‘years ahead of the competition’, says billionaire TSLA investor Ron Baron

Tesla Fremont factory 20

Ron Baron, the billionaire founder of Baron Capital, was on CNBC this morning to discuss his latest favorite investment: Tesla Motors (TSLA). The mutual fund manager said that he sees Tesla becoming one of the largest companies in the world and he sees his fund holding it stock for the next 10 to 20 years.

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Porsche is spending €1B, hiring 1000 workers to become an electric carmaker

Mission E 1

As part of a Reuters report that Porsche wouldn’t be quite as profitable in the short-term, it was revealed that the German luxury automaker and part of the Volkswagon g Group will spend a whopping $1B Euros to retrofit its factories to produce Mission E and theoretically other electric cars and variants…

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Panasonic confirms it plans to invest $1.6 billion in the Tesla Gigafactory

drone gigafactory

Panasonic confirmed being a partner in Tesla’s battery factory early in the development of the project, but other than some estimates from Tesla, the electronic giant never committed to a dollar amount in investment until today.

Tesla made clear its plan to remain in control of the project and to contribute the majority of the estimated $4 billion to $5 billion investment required to build its massive battery factory. Panasonic confirmed today that it plans to invest between $1.5 billion and $1.6 billion in the Gigafactory.

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Ford is getting serious about electric cars, announces $4.5 billion in investment and 13 new models coming

2012_Ford_Focus_Electric_2011_LA_Auto_ShowWe reported earlier today about Ford preparing to unveil a plug-in vehicle at the Detroit Auto Show next month, but apparently that leak was only a teaser as Ford just announced that it is getting really serious about electric cars with $4.5 billion in investment and 13 new electric models coming to its lineup by 2020.

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Breaking: Faraday Future to invest $1 billion in a US factory to build its long-range electric vehicle

faraday-future-rear-view-teaserFaraday Future announced this morning a planned first phase investment of $1 billion in a U.S. manufacturing facility, which should be announced in the “coming weeks”. The announcement comes just a week after our profile on the company, which linked the firm to the deep pocket Chinese technology company, LeTV.

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