BMW Hit by News That Could Slow Its Efforts Against Tesla

Published by
The Street

By Luc Olinga German high-end vehicle manufacturer BMW is going off the road as it tries to win against Tesla in electrification. BMW (BMW) just got a bit of bad news, and it couldn’t have happened at a worse time. The German luxury-vehicle manufacturer is, like all players in the industry, racing to offer electric cars as soon as possible. Eyes are also on the industry as gasoline prices at the pump hit records in the wake of soaring crude-oil prices. EV experts say BMW is one of the brands that can compete with Tesla TSLA in electric vehicles. The premium vehicle maker has a portfolio of mod…

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