Business Chief US+CAN Magazine June 2016 | Page 10

TECHNOLOGY
While the company has only sold a measly 110,000 electric cars since 2008 , its recently-announced Model 3 has already generated over $ 13 billion in revenue , despite the fact that production will not be completed until 2018 . Tesla ’ s image is almost certain to help the company stand out from the competition , even as competitors begin building electric cars that match Tesla ’ s range .
Even so , the number of car manufacturers in the country is quietly growing . Faraday Future released its first electronic concept car in January 2016 , and has recently begun
10 June 2016