illionaire Richard Branson has revealed he could eventually build electrics vehicles to rival Tesla.

Billionaire Richard Branson has revealed he could eventually build electrics vehicles to rival Tesla.

Speaking to Bloomberg at the sidelines of a Formula E race in Miami, Branson said "We have teams of people working on electric cars so you never know—you may find Virgin competing with Tesla in the car business as we do in the space business."  He went on to suggest that Virgin Racing's involvement in Formula E could help to pave the way for the potential road car.

Despite hinting at a potential Tesla competitor, Branson praised the Model S by saying it's "... as sexy as any other car on the road today."

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Richard Branson hints at a Tesla competitor