Stellantis confident it can catch up with Tesla, says CEO Tavares

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Reuters UK

By Gilles Guillaume and Giulio Piovaccari PARIS (Reuters) -Stellantis believes it can make up ground on electric vehicle pioneer Tesla in the coming years, its Chief Executive Carlos Tavares said on Friday, adding that consumers would benefit from competition in the sector. The world’s fourth largest carmaker this month presented its first business plan, with an aim to double revenue to 300 billion euros ($330 billion) a year by 2030, stepping up efforts to expand its electrified vehicle (EV) models. “I am very confident, I am trying not to be arrogant, just confident of the fact that we are g…

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