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Evolution Magazine


European startups challenging Elon musk’s empire!

At $390bn, Tesla isn’t really a company to take lightly. However new European technology is seemingly becoming a threat to the empire and is emerging as rivals.

To start off with batteries, the Gigafactory, where all of Tesla’s batteries are made currently have 3 running factories with a fourth one expected to open soon in Berlin. A competitor known as Northvolt has the opportunity to catch up soon to the US-China lead. With over $1bn raised from investors led by Volkswagen and Goldman Sachs. Not to mention that the company was founded by an ex-Tesla employee.

Moving on to the real thing, the car itself. Croatia’s Rimac may be able to just pip Tesla’s record with claims that its Hypercard can accelerate from 0 to 60mph in 1.85s. with a top speed of 258mph. Tesla does have considerable competition now, let’s see what’s more to come!

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