Allianz's Price backs Tesla for European roll-out of Model 3

Price, who has managed the £528m Allianz Technology investment trust for more than 12 years, said Tesla's latest offering is the cheapest car in its range at $35,000, and has been made possible due to a reduction in relative costs. "As it stands, the battery is around one-third of the cost of the car, but this is falling by 15% every year. At the same time, the cost of meeting environmental regulations for normal cars is increasing by 15% per year," he explained. Megatrends: Understanding the tech revolution "As such, buyers are increasingly asking 'why not?' rather than 'why?' Own...