Hints and tips:
Proposed investment by Elon Musk’s company comes ahead of elections
...has for several years been rolling out a sweeping legal framework for how businesses collect and use data, with strict rules on cross-border data flows and data viewed as a risk to Chinese security or citizens...
...“We believe that our awareness activities paired with attractive financing will go a long way in expanding our reach and driving demand for our products,” Tesla finance chief Vaibhav Taneja said on Tuesday...
Shares in US electric-car maker soar 17% on autonomous driving prospects in world’s biggest auto market
...Since he started buying substantial chunks of shares in Twitter in early 2022, culminating in the deal in October that year to take it private, Tesla’s finances and sales have deteriorated....
More competition and flagging demand in the Chinese market hit leading battery and plug-in hybrid vehicle makers
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...The easiest way for Musk to shore up his finances without selling more stock in the carmaker would be to sell shares in SpaceX....
The former professor has turned the Chinese carmaker into the world’s best-selling EV manufacturer within a decade
...more than $1bn injection in Nio in July, will give the UAE investment vehicle 20 per cent of the Chinese group’s shares and is intended to ease worries among some analysts over the lossmaking company’s finances...
Chinese EV company is still missing production targets and racking up big losses a decade after its launch
Geely-owned division lost $353mn in six months, as it lines up reverse merger on to New York’s Nasdaq
...India’s EV market is in its early stages and focused largely on two-wheel vehicles, and any automobile would need to be competitively priced to gain traction in the world’s largest developing market....
Japanese manufacturer works on new approach as it targets big increase in electric vehicle production
...Currently, electric cars lose significant value because finance companies are uncertain about the health of a car battery after three years....
...Additional reporting by Peter Campbell in London This article has been amended to reflect the fact that Waymo’s cars have driven 2.3mn miles....
...Most new cars in developed markets are bought on deals that finance the amount of value a vehicle loses — its “depreciation” — rather than the overall sticker price....
...Most new cars are bought on finance deals that see motorists finance the depreciation of a car over a lease period, rather than its overall value....
...Thierry Piéton, finance boss of the French carmaker, said: “There is no big incentive to go cut the prices and kill the residuals and go into a spiral that some of the competition has done....
...This is because, under lease or personal purchase agreements, motorists have to finance the value a car loses over a leasing period....
...Additional reporting by Peter Campbell in London...
Founder of electric vehicle maker says rollout of battery swapping stations is proving slower than expected
Carmaker’s global push has been overshadowed by speculation over Warren Buffett’s exit
...At SpaceX he has Gwynne Shotwell, the long-serving chief operating officer, while Drew Baglino at Tesla is the most senior executive after Musk and finance chief Zach Kirkhorn....
...Additional reporting by Maiqi Ding in Beijing, Cheng Leng in Hong Kong and Peter Campbell in London...
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