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...Earlier this month Elon Musk posted a video of its Optimus models walking gingerly through a plant, and all carrying out some simple functions such as folding at a table....
...Net debt rose to £1bn, from £868mn a year earlier....
...During the three months, it had a cash outflow of £190.4mn, compared with £118.3mn a year before, partly due to a £42.6mn cash net interest payment....
...In 2021, Cook called autonomy “a core technology, in my view”, adding: “If you sort of step back, the car, in a lot of ways, is a robot. An autonomous car is a robot....
...Stellantis, which owns Peugeot and Jeep, posted a bigger than expected fall in revenues to €41.7bn in the first quarter, driven by a weaker performance in its European heartlands....
...as a risk to Chinese security or citizens....
...Tesla did not respond to a request for comment....
...Tesla’s supercharger system is among the largest charging networks in the world, and was one the reasons the company enjoyed such a commanding lead over rival carmakers for so long....
...But the Japanese company’s hybrid models have been a massive success, so it seems like Toyota was right. Well, at least for now. Peter Campbell is the FT’s global motor industry correspondent....
...A monopoly in charging is a massive value generator for Tesla,” Gerber adds. “It is a horrible step backwards.”...
...The company has also been hit by a global slowdown in EV sales growth and cut thousands of jobs. Tesla did not respond to a request for comment....
...“I will not sell cars at a loss.”...
...“Rather than tapering off, the global EV revolution appears to be gearing up for a new phase of growth,” said IEA executive director Fatih Birol....
...BYD’s European boss Michael Shu told the Financial Times last month that local subsidies were less important than “technology” and “efficiency” in making its vehicles cheaper....
...Almost every dish is under a tenner and you can get yourself a very good lahmacun for under a fiver....
...the company could focus on a self-driving “robotaxi”....
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...The company also owes money to several other Arrival entities, including a £1.1mn debt to a subsidiary in Mauritius....
...peter.campbell@ft.com Letter in response to this column:The consumer will never forgive VW for poor engineering / From Brían MacManus, Dublin, Ireland...
...But if they sell a better car that also undercuts the west, it’s impossible to catch up. peter.campbell@ft.com...
...for the troubled carmaker for more than a year....
...a record due to a backlog of orders....
...BYD, which also sells plug-in hybrid vehicles that use a battery and a traditional engine, overtook Tesla in EV sales during the final quarter of 2023. Read more here...
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