YOUR NEXT CAR WILL BE A VOLT:

Can This EV Car Company Be The Second Coming of Tesla (David Kiley , 4/13/16, Forbes)

Farraday Future broke ground on its $1 billion electric vehicle (EV) factory in North Las Vegas today. Owned by a wealthy Chinese billionaire, interest in the venture stems from the fact that the outfit is actually starting to build a facility and wonder over whether it could become another Tesla, tantalizing a new generation of drivers who are interested in driving gas free.

It's difficult not to be interested in Farraday, despite the fact that gas prices still hover near $2 a gallon in many parts of the country. Low gas prices usually crush interest in EVs. But EVs conceived by tech visionaries like Elon Musk and Farraday's Jia Yueting, not to mention Google and Apple, seem to be in a different category. After all, Tesla just took almost 300,000 pre-orders for its forthcoming Model3 at $1,000 a throw. Conventional car companies in Detroit, Japan and Korea couldn't dream of achieving that kind of pre-launch hype for any car, let alone an EV.

Posted by Orrin Judd at April 14, 2016 3:52 AM

Tweet   @brothersjudd