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Related Special Reports
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...And Musk’s outspoken posts on his social media platform X risk denting his car company’s brand....
...Tesla still makes more than 80 per cent of its revenue from selling cars....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...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....
...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...It’s too early to say whether Xpeng’s flying car ends up a joke or not, but flying cars are already making a big buzz in China’s cyber space, even if they’re not yet available for the daily commute....
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...Investors should take a hard look at the core retail business and reset their expectations accordingly....
...Tesla has already reported an 8 per cent fall in car sales in the first three months of the year compared with the same period in 2023....
...But one day, he says, Tesla and SpaceX may create something that is not “even really a car”. The Technoking is the reason Tesla remains the most distinctive car company in the world....
...But to do that it needs cheaper cars, not robotaxis. elaine.moore@ft.com...
...“Supercore” inflation (core services ex-shelter) was up a blistering 0.9 per cent....
...It has rolled out an AI assistant across its core products. In TurboTax, AI will shorten the time it takes to file taxes by calculating deductions and answering questions on code changes....
...Because at the core, despite all these apps and films, they're still all about the brick....
...Apple’s decision to wind up its car project comes as it prepares to announce more details of its work in the fast-growing generative AI sector....
...“The car distribution market is fragmented globally, but we are seeing that more brands are looking for one single distributor,” he said....
...This core institution constrains the migrant population of almost 400mn by denying their families equal access to basic services when they move to new areas in search of jobs....
...That puts BYD in direct competition with gasoline cars....
...This reflects an escalation of spending on existing mobile platforms as Apple has taken on development of most of the core technology in its products, from chips to advanced software....
...Excluding the effects of regulatory credits, the gross margin from Tesla’s automotive unit — a closely watched measure of its core operations — increased to 17.2 per cent for the quarter, slightly ahead...
...Many car buyers are now balking at the prices of EVs compared with hybrids and petrol or diesel cars — particularly amid the rising the cost of living in recent years....
...The latter, whose core customers are lower income Americans living in rural areas, eked out a 0.7 per cent rise in same-store sales but suffered a 39 per cent drop in net income during the fourth quarter...
...Management at BYD, which already exports cars to more than 70 countries, has told investors that they believe they can increase overseas sales from nearly 250,000 cars in 2023 to between 2mn-3mn cars in...
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