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...It also struck a deal to buy 100,000 Tesla cars....
...And Musk’s outspoken posts on his social media platform X risk denting his car company’s brand....
...And that is a much bigger market to compete in than simply making plastic toys for kids....
...Waning demand for physical toys will have ramifications outside of companies that make them. Expect retailers with exposure to toy sales — such as Target — to take a hit too....
...The toy retailer started life in 1901 in Liverpool when founder Frank Hornby received a patent for his Meccano construction toy....
...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....
...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...
...Tesla still makes more than 80 per cent of its revenue from selling cars....
...Mattel, the toy company, said on Thursday that it had also found weaknesses in its internal controls over financial reporting, and that it would need more time to get its annual report out....
...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....
...Kreiz told CNBC in an interview last week: “The idea was to create multiple touchpoints, to build strong toy brands....
...That puts BYD in direct competition with gasoline cars....
...It was billed on the cardboard box as a “1/10th scale, off-road high-performance racer”, but it wasn’t actually modelled on a car 10 times the size. Such a car never existed....
...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....
...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....
...of the car industry.”...
...Unlike legacy carmakers, Tesla is particularly exposed to the slowdown in battery-powered cars given it exclusively makes EVs....
..., pedal cars and similar wheeled toys; dolls’ carriages; dolls; other toys; reduced-size (‘scale’) models and similar recreational models, working or not; puzzles of all kinds” and attracted a 0.0 per cent...
...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...
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