In an article on Bidnessetc, it was reported that BMW is planning to give tough competition to Tesla Motors Inc (NASDAQ:TSLA)’s newly launched P85D electric car, a revamp of Model S. P85D electric car has great improvements which are making it a hot choice for the buyers. The article said that there is no doubt that Tesla Motors Inc (NASDAQ:TSLA) has set the trend in the global electric vehicle industry and it is the only company which has rolled out quality electric cars which have imbibed the car lovers. But BMW is perhaps the only rising competitor of Tesla Motors Inc (NASDAQ:TSLA) which can cross the company.
Both Tesla Motors Inc (NASDAQ:TSLA) and BMW make plug-in vehicles. BMW has launched impressive i3 and i8 plug-in hybrid supercar which will challenge Tesla Motors Inc (NASDAQ:TSLA) in future. Besides this, BMW is also planning to launch 100 charging stations across California very soon that will give a massive problem for Tesla. BMW CEO was quoted by the source, who has said that his company is keen to work with Tesla Motors Inc (NASDAQ:TSLA). The adaption of carbon fiber technology by Tesla Motors Inc (NASDAQ:TSLA) was praised by him and he thinks that both companies can work together on new charging technologies for batteries.
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk recently claimed that BMW is interested in buying stake in Tesla Motors Inc (NASDAQ:TSLA) and it is also looking forward to work together in generation of automotive parts. BMW has rejected this statement, labelling it as a PR statement which has nothing to do with reality.
The source said that BMW might be developing a new P85D killer to tackle Tesla Motors Inc (NASDAQ:TSLA) but the details of such a project are not open.
Daniel Benton’s Andor Capital Management is one of the shareholders of Tesla Motors Inc (NASDAQ:TSLA), having around 1.25 million shares of the company.
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