Virgin is working on electric cars and could one day take on Tesla, according to company founder Richard Branson. Speaking at a racing event in Miami, Branson said Virgin had "teams of people" working on electric cars but refused to be drawn on specific details.
The company's Virgin Racing team already competes in the all-electric Formula E championship, a high-speed, battery-powered spinoff of Formula 1. Branson has now hinted that Virgin's involvement could lead to the company selling its own electric cars.
"So you never know—you may find Virgin competing with the Tesla in the car business as we do in the space business. We will see what happens," Branson told Bloomberg.
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