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...Chinese companies, offering tech from conveyor belts and motors to advanced manufacturing robots, are also expanding rapidly in their home country, which is the world’s largest market for the sector....
...“We pursued a deliberate strategy of trying to lower wage costs relative to each other,” said Draghi, referring to Europe’s post-2008 strategy of belt-tightening in lieu of investment....
...His reputation as an indefatigable tech maverick helped to make emission-free vehicles desirable, first for the Silicon Valley crowd then the world....
...In one corner of the hub, a conveyor belt throws small parcels down chutes into cages devoted to individual local delivery offices....
...At the same time, old jobs will change and become more tech-focused, rather than being replaced by AI, says Marie El Hoyek, an expert in AI and industrials at consultants McKinsey....
...“Investors previously focused on Tesla’s EV volume and cost advantage will potentially throw in the towel and eventually be replaced by AI/tech investors with longer time horizons.”...
...Electrek, the tech publication, first reported news of the job cuts. Tesla declined to comment. Additional reporting by Sylvia Pfeifer in London and Stephen Morris in San Francisco...
...In equally-weighted terms, Energy, Industrials, Financials, and Materials actually all outperformed Tech in 1Q — you could probably win a bar bet with that fact....
...SXSW, the Austin-based festival/occasional tech conflagration, is struggling with blowback because of the US Army’s “super sponsorship” of the event: And now this CNBC interview with Palantir CEO Alex Karp...
...Elon Musk made Tesla the world’s most valuable carmaker and one of the “magnificent seven” US tech groups by outflanking incumbents in luxury EVs....
...“They have a growth problem, and when you are $400bn plus in revenue and you are a tech company, it’s part of your DNA to grow,” said Gene Munster at Deepwater Asset Management....
...Investor attention is focused on when the tech giant will bring new features to its smartphones to keep pace with rivals such as Samsung and Google....
...Shanghai’s state-owned carmaker SAIC Motor, for example, had its 15 per cent tax rate for being a “high-tech enterprise” renewed four times since 2008....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in China and tech-focused...
...He didn’t need the money after six years working in tech and the experience was not enjoyable. His last day delivering food was blazing hot....
...Tech mergers and acquisitions fell sharply in 2023, amid heightened antitrust scrutiny for Big Tech companies and falling start-up valuations....
...the Austin-based carmaker’s stock this year to 33 per cent, making it one of the worst performers in the S&P 500 with a trajectory that continues to diverge from the rest of the “Magnificent Seven” US tech...
...Gaining an early edge with its fully vertically integrated supply chain, BYD is now facing competition from not only traditional carmakers and EV start-ups, but also Big Tech companies that are angling for...
...In response to “The loneliness of Mike Pence”:“While some corporations may revel in Biden’s industrial policy and the funds that it brings, genuine capitalists have no more use for this than they do for...
...“The company’s rebound hasn’t kept pace with the big tech titans,” said Insider Intelligence principal analyst Jasmine Enberg....
...Tesla has innovation and tech that is incredible, makes the best vehicles on the road, but they can’t sell as many of them because the CEO has become so toxic to so many groups of people,” Gerber said....
Experts believe carmakers and tech companies are closing gap with US rivals despite Beijing’s safety concerns
...Some Chinese producers of EV battery materials are taking an even more circuitous route to western markets by setting up joint ventures with South Korean industrial groups....
...Steel has none of the sensitivities of high-tech social media; US Steel is not a direct supplier to the military....
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