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Added on the 21/07/2016 14:15:43 - Copyright : Euronews EN
Russian arms maker Kalashnikov unveiled a prototype of an electric car CV-1. The retro look of the pale blue prototype, dubbed the CV-1, was inspired by a rare 1970s model, the "Izh-Kombi".
On Monday, Tesla stock climbed as much as 5%. Business Insider reports that Tesla's market capitalization is north of $700 billion. Elon Musk's company exceeded its production target of 500,000 vehicles last year. The company has fallen just short of 500,000 deliveries. "So proud of the Tesla team for achieving this major milestone!" Musk tweeted about the news. Tesla's stock price soared by more than 740% in 2020.