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Benzinga

Technology

Anusuya Lahiri

Stellantis CEO Looks To Catch Up With Tesla In Coming Years

Stellantis Tesla Inc. STLA Carlos Tavares Europe North America NYSE Stellantis NV United States

Stellantis NV (NYSE:STLA) CEO Carlos Tavares sees his company catching up with EV pioneer Tesla Inc (NASDAQ:TSLA) in the coming years, Reuters reports from Mobility TV World session.
He sees the competition benefitting the consumers.
Also Read: Stellantis CEO Says Company Being 'Forced' To Make Electric Vehicles, Stellantis, Samsung SDI Collaborate To Produce EV Battery For North America
Tavares sought for investment boost in charging networks in Europe and the U.S. to encourage drivers to switch to EVs.
Previously, Stellantis shared how it looked to double revenue to €300 billion ($335 billion) a year by 2030 and with high profit margins.
Price Action: STLA shares closed traded lower by 1.44 at $14.74 on the last check Friday.

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