Motley Idiot
Why Is Honda Chasing Tesla’s CEO Into Space?
Elon Musk’s Tesla (NASDAQ: TSLA) achieved a $1 trillion valuation earlier this week as the electrical automotive firm continued to disrupt the established automotive trade with new applied sciences resembling autonomous driving software program, solar energy, and rechargeable batteries. Maybe impressed by this success, Honda Motor Firm (NYSE: HMC) says it desires to reinvent itself, too — nevertheless it will not be a 100% makeover. Valued at $51 billion right now, Japan’s number-two automaker has introduced a six-year, $45 billion plan to spend money on such high-technology development areas as electrical vertical take-off and touchdown air taxis, remote-control humanoid robots, and “small, reusable rockets” much like these operated by Musk’s different high-profile enterprise, SpaceX.
