Shares of LG Chem, CATL and Panasonic all slipped after Elon Musk outlined Tesla's efforts to eventually halve the cost of EV batteries.

Tesla CEO's said the automaker had booked "well over half a million" orders for the electric pickup in the form of $100 refundable deposits.

The CEO said a $25,000 electric vehicle that drives itself will be possible in three years but acknowledged the company's new car and battery designs and manufacturing processes aren't fully complete.

DTE Energy and Consumers Energy, both of Michigan, say they'll work together with four other companies to help electric vehicle owners drive longer distances without worrying about their next charge.

The automaker will idle its minivan plant in Windsor, Ontario, for three weeks beginning Sept. 28, just as contract talks between the automaker and Unifor are set to kick into high gear.

The agreement, which still must be ratified by workers, calls for a $1.35 billion retooling for the automaker’s Oakville, Ontario, assembly plant to build electric vehicles, the union said. Unifor will bargain with Fiat Chrysler Automobiles next.

Like many used-vehicle retailers, the company has benefited from a seller's market after emerging from a trough in early April.

CEO Thomas Ingenlath said the electric vehicle maker is looking to expand in the Asia Pacific region and the Middle East.

The funding will help WM further develop intelligent vehicle technologies and expand sales channels. Investors in the latest funding round include Shanghai's state-owned asset regulator's investment firms and SAIC Motor.

Rolls-Royce customers appreciate electric power, which "fits perfectly" with the brand, CEO Torsten Müller-Ötvös said.