According to a story at Ars Technica, Virgin empire founder Richard Branson says 'teams of people' are working on electric cars. Says the article: 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. ... Branson's business has continued to expand in recent years. As well as trains and planes, Virgin now has a fledgling space operation and is soon to launch its own cruise ships.