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Proposed investment by Elon Musk’s company comes ahead of elections
...The number of ICE car dealerships in China slid 2.7 per cent year on year in 2023, compared with a 17.2 per cent rise in EV dealerships, data from the China Automobile Dealers Association showed....
...When brought back to the subject of automobiles, Musk wouldn’t be drawn on Tesla’s plans for new models or what specifically was meant by the reference in the results statement to a “more affordable” vehicle...
At-home exercise equipment seems to have been just a Covid lockdown fad, and cars a necessity
...Ernie Garcia insisted for years Carvana would become the world’s most profitable used car dealer by selling millions of vehicles online....
...The industry association expected Tesla to record sales of about 25,000 units in China this month, a 37 per cent decline from a year earlier....
US carmaker will also push back ‘irrelevant’ target of selling only electric cars in Europe by 2030
Elon Musk sends confusing message on earnings call
Shares drop after car sales slip in first quarter
Pedal to the metal, balls to the wall, margins to the floor
Deal with Group 1 Automotive is the latest in consolidation wave hitting car retail sector
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
Elon Musk seeks to appease the market after 40% stock slide
Elon Musk-led electric vehicle maker’s stock jumps despite reporting a fall in quarterly revenue
Scrapping a project with high upfront costs makes sense
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cut
...Data from the China Passenger Car Association showed that Chinese sales of pure battery cars and plug-in hybrids, which the government counts as “new energy vehicles”, or NEVs, rose 36 per cent last year...
EV maker’s chief executive held talks with Chinese premier and secured key approval for data use
Billionaire arrives in world’s largest car market as he makes push on ‘robotaxis’ in bid to revive fortunes
...It’s May Day this week, an international celebration of the labour movement (yes, yes, Americans and Canadians, I know your Labor Days are in September, I’ll do something worker-related then as well)....
...Already, dealers in the US have warned that potential Tesla drivers are deciding to buy rival electric models in protest against Musk’s provocative political outpourings on X....
...But just across the border, Canadians, who also drive automatics, spend less than half as much time using their devices while driving....
Carmaker threatened by cheaper Chinese brands, falling demand and even Elon Musk’s ‘toxic’ personality
Hyundai-backed van maker has struggled to contain costs
Victory was part of a $40mn campaign to organise workers at 13 mostly foreign-owned carmakers across the US
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